Jul 31
Sorry to begin on a note of disappointment, but I sure wish you had told us that your lease specifically states that prepaid rent may be applied to rent and to any other sums due under the lease. If the lease had included a provision like this, then you would be able to use the prepaid rent to cover damage caused by the tenants. Because the lease makes the tenants financially responsible for damage, the cost to repair that damage becomes a “sum due under the lease.”
But we’ll have to assume that you didn’t specify how the prepaid rent could be used —
via Janet Portman
