Goadsby Knowledge Hub

Quarter Days – A Brief History

Updated: 13 January 2020
quarter image

Anyone familiar with a commercial property lease will know rents and other payments are likely to be set out as payable on quarter days throughout the year I.e. 29 September, 25 December, 25 March and 24 June.

It is known that in Middle Ages these significant dates were used to ensure no debt rolled on (it had to be settled) and lawsuits were concluded. A reckoning was made and was publicly recorded on these dates.

"Now, thankfully, tenants are simply expected to pay rent on these dates, without such a public reckoning!!!!”.

 

Categories:

Commercial

Tags:

Paul Stewart , Property

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