Final answer:
The time frame for a tenant to pay the balance of the Last Month's Rent after being approved varies, typically based on the lease agreement and local housing laws. A commonly expected time is before the start of the lease or on signing the lease agreement. The exact timeline, if not specified in the lease, can be determined by reviewing housing regulations.
Step-by-step explanation:
When a tenant has been approved for a lease, the time frame to pay the balance of the Last Month's Rent (LMR) can vary by jurisdiction. However, commonly there is no specific timeline enforced by law, except for what is agreed upon in the lease. If the lease stipulates a certain time frame for the security deposit and LMR, then this deadline must be respected. Nevertheless, if seeking guidance, a common practice is for the payment to be made before the lease commences or upon signing the lease.
To answer the multiple-choice question, if one of these options (7 days, 14 days, 21 days, 30 days) is specified in the lease agreement for the LMR balance payment, then that is the answer you would go with. Make sure to review the lease agreement and local housing laws to determine the exact obligation.