Final answer:
Rent is usually due on the 1st of the month according to most lease agreements, which is when the property owner would typically expect to receive it. Variations can occur if specified in the lease or due to processing delays.
Step-by-step explanation:
The time at which a property owner receives their rent can vary based on the terms outlined in the lease agreement. However, this is typically a detail negotiated before tenants move in and the lease begins. Most commonly, rent is due on the 1st of the month. By extension, this would be when the property owner expects to receive the rent, assuming it is collected on time. Delays may occur due to payment processing or banking practices. Hence, while the owner can expect rent on the 1st, they might receive it a few days later, especially if it's transferred electronically. Some leases may specify a different date or grant a grace period to the tenants, ending on the 5th or later in the month. However, without this contextual information, the standard assumption is the 1st of the month.