You have three installment payment options to pay the entire amount due under the lease: one installment, two installments, or twelve installments. If you choose to pay a single installment for the entire amount, that single installment is due June 1. If you choose to pay in two semester installments, those installments are due June 1 and January 1. If you choose to pay in twelve installments, the first installment is due on June 1 and the remaining eleven installments are due on the 1st of the next eleven months. Please note, these are all installment payment options and not monthly rent.