We are proud to be selected as one of the “Best Of” Commercial Real Estate Brokerage Firms and Best Commercial Property Management Firms by the Daily Business Review. Thank you to all who voted!

skip to Main Content
BERGER BITES | CAREERS | TENANT REQUEST |

Michael Withrow answers: What is pre-paid rent?

There are a couple of different types of prepaid rent. Typically when we have a new tenant we’ll ask for first and last month’s rent. That last month’s rent is a prepaid rent, in essence. In addition, on a month-to-month basis, if somebody pays their rent prior to the first of a month, technically on a balance sheet that’s considered prepaid rent.

 

Back To Top