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I assume it means that the landlord would like a months rent up front. So, for example, you move into a house in March, and he would want you to pay March twice, once for the actual month, and another to be in advance. Probably in case you was to ever lose your job/income, that way you still have a month left in the property and you don't have to move out straight away.
What else can I help you with?
Pams monthly food budget is equal to 40 of her monthly rent payment If her food budget is 200 a month how much is her rent payment each month?
Pam's monthly rent payment is $500.
What does rent mean?
The noun rent is a payment made to lease a space or item. The most common use is for living spaces (such as apartments) paid for on a monthly basis.The adjective "rent" (to rend) applies to something that is torn open or apart.
Is rent collected in advance taxable in the year collected?
As a general rule, advance rent is considered taxable income to you in the year you receive it from the tenant. This is true even if the advance payment isn't mentioned in the lease agreement. For example, if in December 2010 your tenant pays the first six months of 2011's rent, you must report the advance payment as income on your 2010 return.
What is a deferred rent payable?
Deferred rent payable is the sum of the difference between a monthly rent payment and the monthly rent expense of an operating lease that contains escalated payments in future periods. The rent expense is the sum of all rent payments over the term of the lease divided by the number of periods contained in the lease otherwise known as straight-line amortization. This rent expense amount can/may differ from the monthly rent payments. The difference is deferred rent payable.
What is the average cost of renting a condo?
When you rent a condominium, the owner may be interested in at least covering the cost of their monthly loan payment and their monthly assessment payment. If the unit is furnished, expect to pay a premium. As well, the owner will price the rental amount on the local market.
What is the payment name for the monthly amount due for rent?
The payment name for the monthly amount due for rent is called "rent payment."
Pams monthly food budget is equal to 40 of her monthly rent payment If her food budget is 200 a month how much is her rent payment each month?
Pam's monthly rent payment is $500.
What is the average monthly rent payment?
219 dollars
What is the difference between a mortgage and monthly rent?
Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.
What does week in advance mean?
With reference to payment, it means paying up front, for the week ahead. Rent paid in advance, means you pay for the week you are about to have, first.
What does rent mean?
The noun rent is a payment made to lease a space or item. The most common use is for living spaces (such as apartments) paid for on a monthly basis.The adjective "rent" (to rend) applies to something that is torn open or apart.
How much does it cost to rent a 1500 sqftstore in monthly payment?
The cost to rent a 1500 squarefoot store in terms of monthly payment will depend on location and demand. The location of the building is a major factor because property prices are driven by demand in the area. A person's credit may also effect how much a monthly payment would be required.
Is rent collected in advance taxable in the year collected?
As a general rule, advance rent is considered taxable income to you in the year you receive it from the tenant. This is true even if the advance payment isn't mentioned in the lease agreement. For example, if in December 2010 your tenant pays the first six months of 2011's rent, you must report the advance payment as income on your 2010 return.
What is the difference between prepaid rent and rent expense?
Prepaid rent is an asset and represents and advance payment for a future benefit Rent expense is an expense and is the expended portion of the rent consumed.
The payment for the monthly rent will require the following entry?
The payment for the monthly rent will require an entry that debits the Rent Expense account to reflect the expense incurred for the period. Simultaneously, it will credit the Cash or Bank account to indicate the outflow of cash. This ensures that the financial records accurately represent the company's expenses and cash position.
Is it better to rent or own a home and why?
Can I rent to own a home In Miami, Florida, as I am working, but have no down payment. Willing to pay $1,000 monthly who can help me
What is a deferred rent payable?
Deferred rent payable is the sum of the difference between a monthly rent payment and the monthly rent expense of an operating lease that contains escalated payments in future periods. The rent expense is the sum of all rent payments over the term of the lease divided by the number of periods contained in the lease otherwise known as straight-line amortization. This rent expense amount can/may differ from the monthly rent payments. The difference is deferred rent payable.
