If a tenant pays a landlord rent for 3 months in advance the rent paid would be:

Name: If a tenant pays a landlord rent for 3 months in advance the rent paid would be:
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This is because the tenant has paid for a service (rent) in advance, making it a prepayment (an asset) for the tenant. For the landlord, this advance payment is revenue that has been received but not yet earned, making it deferred revenue (a liability) until the service (use of the property) is provided.

If a Tenant Pays a Landlord Rent for 3 Months