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 the Calculator Works

The calculator uses the standard prorated rent formula:

Where:

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

Explanation: This calculation determines the daily rent rate first, then 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 when a tenant moves in or moves out mid-month, when a lease begins or ends mid-month, or when adjusting rent for partial-month occupancy.

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: What's the most common days-in-month value to use?
A: Many landlords use 30 days for simplicity, but for accurate calculations, use the actual number of days in the specific month.

Q2: Is prorated rent required by law?
A: Laws vary by location, but in many jurisdictions, landlords are required to prorate rent when tenants move in/out mid-month.

Q3: Can different calculation methods be used?
A: Some landlords use a yearly calculation (monthly rent × 12 ÷ 365 × days occupied), which can be slightly more accurate for long-term leases.

Q4: How are partial days handled?
A: Typically, any day the tenant has possession counts as a full day, even if they move in/out partway through the day.

Q5: Should utilities be prorated too?
A: Utilities are often handled separately, either by actual usage or by a different proration method specified in the lease.