1. What is Prorated Rent?

Prorated rent is a calculation that determines the fair amount of rent to charge when a tenant doesn't occupy the property for a full month. It's commonly used in Manila, Philippines when tenants move in or out mid-month.

2. How Does the Calculator Work?

The calculator uses the prorated rent formula:

Where:

• Monthly Rent — The full monthly rental amount in PHP
• Days Occupied — Number of days the tenant will occupy the property
• Days in Month — Total days in the month (typically 30 or 31)

Explanation: The formula calculates the daily rent rate and multiplies it by the number of days the tenant will actually occupy the property.

3. Importance of Prorated Rent Calculation

Details: Accurate prorated rent calculation ensures fairness for both landlords and tenants when occupancy begins or ends mid-month. It's particularly important in Manila's competitive rental market.

4. Using the Calculator

Tips: Enter the full monthly rent in PHP, the number of days the property will be occupied, and the total days in the month (default is 30). All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What's the standard number of days to use for a month?
A: While months have 28-31 days, many landlords in Manila use 30 days for simplicity in prorated calculations.

Q2: Is prorated rent required by law in the Philippines?
A: While not explicitly required by law, it's a common and fair practice recognized by the Housing and Land Use Regulatory Board (HLURB).

Q3: How is prorated rent handled for February?
A: For February, use 28 days (or 29 for leap years) unless the lease specifies otherwise.

Q4: Should utilities be prorated as well?
A: Utilities are typically billed based on actual usage, but some landlords may choose to prorate fixed utility fees.

Q5: What if the tenant moves in on the 15th?
A: If moving in on the 15th of a 30-day month, the prorated rent would be (Monthly Rent × 16)/30 (counting both the move-in day and remaining days).