Re: Landlord/Tenant - Last Month Interest
- From: "McGyver" <Greyprof@xxxxxxx>
- Date: Wed, 28 Dec 2005 20:31:23 GMT
"Dave" <trow60@xxxxxxxxxxxxxxxxx> wrote in message
news:fTxsf.1313$Yk2.167058@xxxxxxxxxxxxxxxxxxxxxxxx
> Here's my situation:
>
> I am a landlord, and recently signed on a tenant for a 14-month lease.
> After 3 months, she requested out of it for a job transfer. After finding
> another tenant, I agreed to this being a reasonable person.
>
> How do I calculate the interest that I owe her for the last month's rent
> that I collected? I believe it's 6% annual interest, but since she's only
> been in there 5 months total, I'm not sure if it's just the 6% divided by
> 12 times 5, or what.
>
> I'm renting in the GTA/Toronto area.
Your calculation method is correct. Principal * .06 / 12 * 5. I'm not
saying you owe any interest. I don't know what the lease says of what
Canadian law says about that.
McGyver
.
- References:
- Landlord/Tenant - Last Month Interest
- From: Dave
- Landlord/Tenant - Last Month Interest
- Prev by Date: Re: Professional tape recorders for telephone conversation
- Next by Date: Re: Landlord/Tenant - Last Month Interest
- Previous by thread: Landlord/Tenant - Last Month Interest
- Next by thread: Re: Landlord/Tenant - Last Month Interest
- Index(es):
Relevant Pages
|
