1. What is Prorated Rent?

Prorated rent is a calculation that determines the fair amount of rent to charge when a tenant occupies a property for only part of a rental period (month). It's commonly used when tenants move 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 rent amount in Canadian dollars
• Days Occupied — Number of days the tenant will occupy the property
• Days in Month — Total days in the specific month (typically 28-31)

Explanation: This calculation ensures tenants only pay for the days they actually occupy the property during a partial rental period.

3. Importance of Prorated Rent Calculation

Details: Accurate prorated rent calculations are essential for fair leasing practices, ensuring both landlords and tenants are treated equitably during move-in/move-out periods.

4. Using the Calculator

Tips: Enter the full monthly rent in CAD, number of days the tenant will occupy the property (1-31), and total days in the month (typically 28-31). All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: When is prorated rent typically used?
A: Most commonly when tenants move in or out mid-month, or when the rental period starts or ends mid-month.

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

Q3: Is prorated rent required by law in Canada?
A: While not always legally required, it's considered standard practice and is often included in lease agreements.

Q4: What if the month has 31 days but February has 28?
A: Always use the actual number of days in the specific month for accurate calculations.

Q5: Can this calculator be used for commercial leases?
A: Yes, the same formula applies, though commercial leases may have different terms that affect the calculation.