The pro-rated rent is credited to the purchaser while pre-paid expenses, such as property tax are debited.When we acquire an occupied property, we like to Close between the 2nd and 4th of the month.  

I prepaid him every quarter for keeping Avon moved and gutters cleaned.  

(This service is inexpensive if you subscribe to a pre paid legal service--I can give you a link to the one I use if you send me a PM and ask for it).

Closing costs have to do with prepaid taxes, insurance premiums, HOA transfer fees, escrow fees, etc.Escrow and Insurance are your choice to pick, so if your fees are high, it's because you chose an expensive company.

Ca REQUIRES mailing be 1st class postage pre-paid. 

It sounds like they may have pre-paid with the government stimulus.

@Stephanie Espinal- thanks -  this  will depend on  1) approx  purchase price and 2) if you are  buying it as a  primary home or as a true  100% rental ..... assuming you are buying  for it to be a  primary residence - you will need a  3.5% down payment /   closing costs +  loan fees  +  prepaids  ( these  will vary  based on the  purchase price )  .... best  to  get a  formal pre approval  process started  so you can make sure you can  qualify and also  so you can  learn the process and  also become familar with all the numbers  (  costs / payments /  cash needed for  closing ) 

If this note is prepaid prior to _____ day of_______________, 20_____, then Mortgagor shall receive a discount of _______________ percent (______%) of the remaining balance due.

.€ If this note is prepaid prior to _____ day of_______________, 20_____, then Mortgagor shall receive a discount of _______________ percent (______%) of the remaining balance due.€ The subject Mortgage is fully assumable upon sale, transfer, or conveyance of the Collateral Property.€ The Deed of Trust securing this Promissory Note shall be subordinate to a Subordination Agreement which will result in Mortgagee’s security interest in the Collateral Property becoming subject to and of lower priority than the lien of some other or later Security Instrument.

days or less), who escrow is (I put name and phone number), who title is (name and phone number), you might want something like "Contingent upon interior inspection" or some other contingency clause, I like to add a statement about prorations such as: Security deposit, prepaid rent and unpaid taxes to be prorated through escrow (that way I get the credit for the paid taxes, not the seller), and sometimes I put in a line about how long the offer will be good for.It's really quite easy.