Answered step by step
Verified Expert Solution
Question
1 Approved Answer
seller sold a duplex for 60,000 with closing schedules for june 24 this year. both units were rented november 1 last year at $180 each
seller sold a duplex for 60,000 with closing schedules for june 24 this year. both units were rented november 1 last year at $180 each per month with the first and last months rents paid in adance, in addition, each tenant paid the seller a security deposit of $125. based upon 12 equal of 30 days each, and the day of closing belongs to the seler, how much of the combined rent payments and securty deposits will crdit to the buyer at closing
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started