Saturday, November 30, 2013

Paying Rent: Toward the Past and Back For The Future

There is almost nothing to discuss on the rent's timing, or when does a rent payment become due. And everybody knows what to do when the rent is past-due. Yet, there are a few more possible timing problems relevant to the rent obligations: retroactive application of rents, retroactive change of terms, or charging the already left tenants for a loss of future rent. While these problems were litigated over, the answers are not always straight-forward: