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Updated over 7 years ago on . Most recent reply

Mike H.'s profile image
Mike H.'s profile image
Mike H.
  • Rental Property Investor
  • from Kalamazoo, MI
  • Member since Dec 2, 2015
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Mike H.'s profile image
Mike H.'s profile image
Mike H.
  • Rental Property Investor
  • from Kalamazoo, MI
  • Member since Dec 2, 2015
Connect
Mike H.
  • Rental Property Investor
  • Kalamazoo, MI
1
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12
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Wholesaling

Tenant owes rent but property is scheduled to close

Mike H.
  • Rental Property Investor
  • Kalamazoo, MI
Posted
If I am buying a tenant occupied property, I know that I'm due prorated rent and the security deposit. However, if a tenant owes rent and is scheduled to pay after the property closes, how would the prorated rent be handled at closing?
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