1. What is Prorated Rent?

Prorated rent is a calculation that determines the fair rental amount for a partial month's 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 rental amount
• Days in Month — Total days in the specific month (typically 28-31)
• Days Occupied — Number of days the tenant will occupy the property

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 is Prorated Rent Used?

Details: Prorated rent is commonly used in these situations:

• When a tenant moves in after the first of the month
• When a tenant moves out before the end of the month
• For mid-month lease start or end dates
• For short-term rentals or temporary arrangements

4. Using the Calculator

Tips:

• Enter the full monthly rent amount
• Specify the exact number of days in the month (28, 29, 30, or 31)
• Enter the number of days the tenant will occupy the property
• All values must be positive numbers

5. Frequently Asked Questions (FAQ)

Q1: Is prorated rent required by law?
A: Laws vary by location, but many jurisdictions require landlords to prorate rent when tenants don't occupy for a full month.

Q2: How are partial days calculated?
A: Typically, any day the tenant has access to the property counts as a full day, even if they move in late or out early.

Q3: 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.

Q4: Can prorated rent be rounded?
A: Some landlords round to the nearest dollar, while others calculate to the exact cent. Check local laws and lease agreements.

Q5: Is this calculator suitable for commercial leases?
A: While the basic calculation is similar, commercial leases may have different terms. Always consult the lease agreement.