Prorating Rent??? - Posted by Lisa in VA

Posted by Chris-Fl on October 02, 2002 at 12:55:13:

Lisa,
Depending on the circumstances of the tenants vacating I would not have accepted a partial payment. I would have returned the difference along with their security deposit (if they deserved it) on their way out the door.

Chris

Prorating Rent??? - Posted by Lisa in VA

Posted by Lisa in VA on October 02, 2002 at 12:13:20:

Hi Everyone:

It has been a while since I have posted. I am hopeful someone will be able to steer me in the right direction.

Scenario.

I collect rent on the 25th of each month.
I have a tenant who is to vacate the premesis on the 15th of the month.

Tenant deposited into my account $600.00 (a partial payment. Tenant calculated until the date she is to vacate.) AT any rate my question is shouldn’t I collect a full months rent and then credit back the tenant the overpayment when she vacates?