# When i the first rental payment due

**URL:** https://www.mineralrightsforum.com/t/when-i-the-first-rental-payment-due/59584
**Category:** Oil and Gas Leasing Help
**Created:** [November 18, 2020, 1:19am UTC](https://www.mineralrightsforum.com/t/when-i-the-first-rental-payment-due/59584 "2020-11-18T01:19:53Z")
**Posts on this page:** 5
**Page:** 1

<div class="post-metadata">

### Author: ![Patrick](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/b2d939/32.png) [@Patrick](https://www.mineralrightsforum.com/u/Patrick)
#### Post date: [November 18, 2020, 1:19am UTC](https://www.mineralrightsforum.com/t/when-i-the-first-rental-payment-due/59584/1 "2020-11-18T01:19:53Z")

</div>

The terms of a 5-year paid-up lease do not specify the due date for payment. The effective date is Nov 10, 2020. When is the first rental payment due?

---

<div class="post-metadata">

### Author: ![TODD\_M\_Baker](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/91b2a8/32.png) [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [November 18, 2020, 2:05am UTC](https://www.mineralrightsforum.com/t/when-i-the-first-rental-payment-due/59584/2 "2020-11-18T02:05:30Z")

</div>

Most leases these days have rentals that are paid up.

---

<div class="post-metadata">

### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [November 18, 2020, 2:59am UTC](https://www.mineralrightsforum.com/t/when-i-the-first-rental-payment-due/59584/3 "2020-11-18T02:59:00Z")

</div>

The payment is the bonus payment you received. It was for all five years “paid up” front. Very rare to have a rental payment these days. That is why the lease says “Paid-up” at the top.

---

<div class="post-metadata">

### Author: ![Patrick](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/b2d939/32.png) [@Patrick](https://www.mineralrightsforum.com/u/Patrick)
#### Post date: [November 18, 2020, 2:55pm UTC](https://www.mineralrightsforum.com/t/when-i-the-first-rental-payment-due/59584/4 "2020-11-18T14:55:10Z")

</div>

Thank you for your comments.

---

<div class="post-metadata">

### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [February 16, 2021, 1:20am UTC](https://www.mineralrightsforum.com/t/when-i-the-first-rental-payment-due/59584/5 "2021-02-16T01:20:26Z")

</div>

This topic was automatically closed after 90 days. New replies are no longer allowed.