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Multi-Family and Apartment Investing

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Sharifa Bennett
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New Owner/House Hack

Sharifa Bennett
Posted Jan 24 2020, 16:05

I’m new to this and I’d love your help.

I am under contract on a duplex. I’ll occupy one side. We plan to close in March. One tenant’s lease is up in February, while the other in August. Two questions:

1.Will March’s rent be prorated or given to the existing owner? Or mine?

2. Is the existing owner responsible for returning the deposit? If so, when?

Thanks for your help!

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