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Updated about 12 years ago on .

User Stats

144
Posts
15
Votes
Gary E. London
  • Investor
  • Chicago, IL
15
Votes |
144
Posts

Closing Credits to Buyer

Gary E. London
  • Investor
  • Chicago, IL
Posted

I know that when closing on the first of the month it's advantageous to the buyer since you get credit for the full months rent. Is it reasonable if closing is scheduled for the last day of the month to ask for a full credit for the next months rent at closing but then allow the seller to collect that rent. My logic is that is cuts down on confusion for those tenants who actually pay on the first. Just let the seller collect those rents. Do this make any sense legally or otherwise?