How are rent adjustments calculated for a single-family house? | ScriptaLegal
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Frequently asked questions > Real estate > At the signing of the deed of sale > For a single-family house, how the adjustments relative to a rent are calculated?

For a single-family house, how the adjustments relative to a rent are calculated?

It happens that, during certain transactions, the seller asks the purchaser the authorization to occupy the immovable property sold beyond the date of sale. The seller, as from the conclusion of sale, will thus become tenant of the purchaser, the new owner of the immovable property.

As tenant, he will have to pay a rent to the purchaser for the term of this lease, whether this lease lasts a few days or a few weeks.

As for the rent, the calculation of the adjustments results from an agreement between the parties, they could agree on a weekly or monthly rent.

Let us take back again the example of our parties who conclude their transaction on May, 15th.

The seller and the purchaser could agree on a rent for the month of June. For the month of May, both parties could decide to divide by two the rent determined for the month of June, since the transaction takes place on May, 15th.

The parties could decide to resume the calculation used above and look for what would be the rent per day by using the rent of June as a basis of calculation. It will be enough then to multiply the daily rent by 17 days (the period which goes as from May, 15th to May, 31st).

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