3815 Dacoma St,
Houston, TX 77092


« Back to Glossary Index

Many leasing transactions call for One (1), Two (2), or more payments in advance. As a rule, when advance payments are required for more than just the first periodic payment, the additional advances will apply to payments due at the end of the lease. If payments are made monthly, for example, one advance will apply to the first month’s payment while any additional advances will be applied to payments due at the end of the lease term. Advance payments are payable at, or prior to, lease inception.

« Back to Glossary Index