Urgent News

Hurricane Dorian Relief – please drop off items Monday – Friday 8:30 am – 5:30 PM at any of our 3 offices.

skip to Main Content

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