Listing Tenant's Rent as an Asset

North Carolina Divorce Law Divorce and Separation Answers
1

I’m in the process of completing the EDA. How do I list an asset like rent that I received from a tenant during the marriage? Assets like my house and car are easy. I just list the Fair Market Values.
The rent was received monthly and all of it was spent on marital/family necessities like bills and groceries. It’s not like I kept it all in an account and it’s sitting there in a lump sum.

How should this item be listed?
I’m grateful for any assistance.

2

not a lawyer

Rent is not an asset, it could be considered a source of income and part of a support award. If you had a rental checking account whatever cash is in there would be an asset.

3

Rent is considered income, the only place this would appear on the EDIA is if it is reflected in the balance of any bank account included in the EDIA.

4

Thanks so much. That is very helpful.