Question

The monthly scheduled rent on a building is $3800.00. It went to an Act of Sale on the 15th of December. Prorating through the Act of Sale, how much was the credit to the buyer for rent if the seller only collected $3600.00 in December?

Answer 1

$1900

Step-by-step explanation:

According to Act of Sale the ownership is transferred on the 15th of December which means the risks and rewards associated with this property will be shifted to the new owner from the date 15 of the December. So the share of amount $3800 that the new owner would receive assuming that it is 30 day month, from the rental income will be $1900 (3800/2).