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Updated over 3 years ago on . Most recent reply

User Stats

22
Posts
11
Votes
Troy Martin
  • Investor
  • Auburn, WA
11
Votes |
22
Posts

Prorate rents and expenses?

Troy Martin
  • Investor
  • Auburn, WA
Posted

I'm under contract to sell a duplex in Columbus, OH.  When prorating the month of May is it just the rents that are prorated and given to the buyer or is it the net of rents and expenses for the month?

Most Popular Reply

User Stats

60
Posts
54
Votes
Michael Helfant
  • Realtor
  • Metro Detroit
54
Votes |
60
Posts
Michael Helfant
  • Realtor
  • Metro Detroit
Replied

Just the rents. Utilities you'll call and put in your name and water bill will stay with the property (at least here in Metro Detroit) but sellers will put some money with title in escrow in case they don't get a final water reading or pay that water bill before leaving. 

  • Michael Helfant
  • Loading replies...