1. What is Prorated Rent?

Prorated rent is the amount of rent calculated for a partial month of occupancy. It's commonly used when a tenant moves in or out during the middle of a month.

2. How Does the Calculator Work?

The calculator uses the prorated rent formula:

Where:

• Monthly Rent — The full month's rent amount
• Days Occupied — Number of days the tenant will occupy the property
• Days in Month — Total days in the month (typically 28-31)

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

3. When to Use Prorated Rent

Details: Prorated rent is commonly used for mid-month move-ins or move-outs, short-term leases, or when adjusting rent for partial month occupancy.

4. Using the Calculator

Tips: Enter the full monthly rent amount, the number of days the tenant will occupy the property, 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: Many landlords use 30 days for simplicity, but the actual days in the month (28-31) is more accurate.

Q2: Is prorated rent required by law?
A: This varies by location. Some jurisdictions require prorated rent for partial months, while others leave it to landlord-tenant agreements.

Q3: How do I handle months with 31 days?
A: For maximum accuracy, use the actual number of days in the month (31 for January, March, May, etc.).

Q4: What about February in a leap year?
A: February has 28 days (29 in leap years). Be sure to use the correct number when calculating prorated rent for February.

Q5: Can this calculator be used for commercial leases?
A: Yes, the same formula applies to both residential and commercial leases for partial month calculations.