1. What is Prorated Rent?

Prorated rent is a calculated amount that tenants pay when they move in or out partway through a rental period. It ensures tenants only pay for the days they actually occupy the property.

2. How Does the Calculator Work?

The calculator uses the prorated rent formula:

Where:

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

Explanation: The formula calculates the daily rent rate first, then multiplies by the number of days the tenant will actually be living in the property.

3. Importance of Prorated Rent Calculation

Details: Prorated rent ensures fairness for both landlords and tenants when occupancy doesn't align with the standard rental period. It's particularly important for mid-month move-ins or move-outs.

4. Using the Calculator

Tips: Enter the full monthly rent amount in GBP, the total days in the specific month (28-31), and the number of days the property will be occupied. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Is prorated rent legally required in the UK?
A: While not legally required, it's standard practice and often included in tenancy agreements to ensure fairness.

Q2: How are partial days calculated?
A: Typically, any day the tenant has access to the property counts as a full day, regardless of move-in/move-out time.

Q3: What if the month has 31 days but February has 28?
A: Always use the actual number of days in the specific month you're calculating for.

Q4: Can this be used for commercial properties?
A: Yes, the same calculation applies to both residential and commercial property rentals.

Q5: How is the first month's rent typically handled?
A: Often the first payment includes prorated rent for the partial month plus the next full month's rent.