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Rented condo for 8 months and fire destroyed building. Ins. has been paying amount of monthly lease until our coverage limit exhausts. Is this considered rental income

 
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PhyllisG
New Member

Rented condo for 8 months and fire destroyed building. Ins. has been paying amount of monthly lease until our coverage limit exhausts. Is this considered rental income

No. Rental income is the amount of money collected by a landlord from a tenant or group of tenants for using a particular space.

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