Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

811
Posts
419
Votes
Darren Budahn
  • Investor
  • Milwaukee, WI
419
Votes |
811
Posts

Pro Rated Rent at Closing

Darren Budahn
  • Investor
  • Milwaukee, WI
Posted

This may be a basic question but I have never inherited tenants on a property that I bought before so I wanted to know about pro-rated rents at closing.

For example, if a tenant owes the seller unpaid rent at closing, this in no way affects the seller's obligation to provide pro-rated rent to me at closing correct?  The seller agreed in the offer to provide pro-rated rent so I as assuming they owe it to me whether or not it is collected. Also, I suppose "owe" may not be the proper term since the pro-rated rents and security deposits simply mean I owe less at closing. 

Loading replies...