1. What is Prorated Rent?

Prorated rent is a calculated amount of rent that a tenant pays for occupying a property for only part of a rental period (typically a month). It's commonly used when a tenant moves in or out mid-month.

2. How Does the Calculator Work?

The calculator uses the standard prorated rent formula:

Where:

• Monthly Rent — The full monthly rental amount
• 30 — Standard number of days used for calculation
• 15 — Number of days being calculated for

Explanation: This calculation divides the monthly rent by 30 days to get a daily rate, then multiplies by the number of days (15) to get the prorated amount.

3. When to Use Prorated Rent

Details: Prorated rent is typically used when a tenant moves in or moves out mid-month, or when a rental agreement starts or ends partway through a month.

4. Using the Calculator

Tips: Enter the full monthly rent amount in the currency field. The calculator will automatically compute the 15-day prorated amount.

5. Frequently Asked Questions (FAQ)

Q1: Why divide by 30 days?
A: Most landlords use 30 days as a standard month length for simplicity, regardless of the actual number of days in the month.

Q2: Is this calculation legally binding?
A: The calculation method should be specified in the lease agreement. Some landlords may use actual days in the month.

Q3: What if I need to calculate for different number of days?
A: Simply adjust the formula by changing the 15 to your desired number of days.

Q4: Does this include utilities or other fees?
A: This calculates base rent only. Utilities and other fees may need to be prorated separately.

Q5: What if my rent is due on a specific day each month?
A: The proration should be based on your actual move-in or move-out date relative to the rent due date.