licensing agreement - rent money prior to settlement

[onion33]

Situation: I signed a licensing agreement with the vendor to gain early access to the property and begin open for inspections to find a tenant. We agreed verbally that if I find a tenant prior to settlement, vendor would receive the rent. I now have a tenant moving in 11 days prior to settlement . Normally the agent would take the first 1.5 weeks though.

Question: What amount should the vendor receive? The licensing agreement doesn't mention this

 

[D.T.]

11 days worth

 

[Perp]

I'm with DT.

Was it an IP for the vendors, too? If not, they're going to have to apportion capital gains and do a negative gearing element on their tax return for the sake of 11 days' rent. What a complicated mess.

Is there a possibility of bringing settlement forward 11 days, instead?

 

[onion33]

Yes it was an investment property for the vendor too.

Tenant moves in this Thursday so settlement Prob won't happen by then