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Updated over 7 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Mike H.
  • Rental Property Investor
  • Kalamazoo, MI
1
Votes |
12
Posts

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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