Ask Experts Questions for FREE Help !
Ask
    IdesOfMark's Avatar
    IdesOfMark Posts: 2, Reputation: 1
    New Member
     
    #1

    Jul 2, 2007, 05:28 AM
    Rental Terms
    This may seem like a dumb question, but I recently moved into my apartment on June 4th, the date on which my lease agreement began. I was asked to pay first, last and security before entering the apartment. Now, it is July 2nd and I am wondering if I owe rent this month, for my first month (as I am thinking) was paid in advance. My next payment I am thinking would be for the month of July, on August 1rst. Am I correct?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
     
    #2

    Jul 2, 2007, 05:30 AM
    Nope. Sorry. Rent is paid in advance, which means that you pay on the first of the month for the upcoming month. When you moved in you paid June rent. Now July rent is due.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Jul 2, 2007, 05:48 AM
    As Lisa said, yes, your first month WAS paid in advance, that was the month of June. You now owe for July.
    IdesOfMark's Avatar
    IdesOfMark Posts: 2, Reputation: 1
    New Member
     
    #4

    Jul 2, 2007, 06:14 AM
    Thank you both, it was a little confusing at first.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Defining terms [ 11 Answers ]

Could somebody define these terms please LAGOS ? Cash flow crisis - is it just a problem with earning money? Anti locust programms (something to do with giving food to poorer countries) Thank you

Plumbing Terms [ 1 Answers ]

What is the term take- off?? Also the term Fixture carrier and fixture rough??

Credit terms [ 3 Answers ]

I just had a quick question about selling merchandise on credit. If a buyer sold merch on credit for $7,000, terms 2/10, 1/15, n/30; With 700 units at $5 each I just wanted to know what would be the COGS and Inv. I think it would be in the $3,000's

Nautical terms [ 4 Answers ]

Any site for the nautical terms n its history(in brief)?

Accountancy Terms [ 1 Answers ]

What is the difference between an Invoice and a Bill?


View more questions Search