Rental advance

Rental advance, in a lease agreement, refers to a lump-sum payment of rent made by the tenant (lessee) to the landlord (lessor), at the beginning of the lease period. This lump-sum amount is thereafter adjusted against the monthly rent payable by the lessee. The advance amount may be the rent payable for one quarter or one year or any other period that is mutually agreed upon by the tenant and landlord.