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May 16, 2017/. Prepaid dues are fees paid to a membership organization, covering a time period that has not yet expired. The amount of these dues is recorded in a current asset account (such as prepaid expenses or a separate prepaid dues account). As each successive month in the coverage period expires, a proportionate amount of the prepaid dues is charged to expense.
Prepaid rent is another common deposit landlords require. Prepaid rent is any payment required by the landlord for a monthly or weekly rent obligation that is not yet due. It is often referred to as the last month's rent.. You may apply the prepaid rent to your last month in the unit.his notice, which is also called an accounting, must be personally delivered or mailed within 31 days. If your landlord wrongfully keeps part or all of the money, you have up to one year to settle the matter or file a lawsuit for up to twice the amount of the money your landlord kept.