Rent apportionment when purchasing a let property
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Badger
Badger
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4 Posts
10 years ago
0
Hi my question is to do with how rent apportionment is worked out, after a property has been transferred to a new owner. The specific problem is to do with the fact that February has less days than other months. I understand the principle of calculating the daily rent then apportioning it according to how many days of the month the property is in your ownership. However if the rent is due on 27 Feb and completion was 5 March is it customary that the rent for the "missing days" so to speak should automatically go to the previous owner?

I would have thought that it would be fairer in such a situation if the monthly rent is divided into 28 and then apportioned accordingly. I am happy to accept whatever is the norm. I just don't want to be hoodwinked out of £86.00 for no apparent reason. Can you please advise?

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