Prorated Rent Formula:
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Prorated rent is a calculation that determines the amount of rent due when a tenant doesn't occupy the property for an entire month. It's commonly used when moving in or out mid-month.
The standard formula for prorated rent in California is:
Where:
California Law: Landlords in California are required to prorate rent when tenants move in or out mid-month, unless otherwise specified in the lease agreement.
Details: Accurate prorated rent calculations ensure fairness for both landlords and tenants, prevent disputes, and comply with California rental laws.
Tips: Enter the full monthly rent amount, number of days in the month (typically 30 unless calculating for specific months), and the number of days the tenant will occupy the property.
Q1: Is prorated rent required by law in California?
A: Yes, California Civil Code Section 1947 requires landlords to prorate rent when tenants move in or out mid-month.
Q2: What if my lease specifies a different calculation method?
A: Lease agreements can specify alternative calculation methods as long as both parties agree.
Q3: Should I use 30 days or actual days in month?
A: Most California landlords use 30 days for simplicity, but actual days can be used for more precise calculations.
Q4: How is the first month's rent typically handled?
A: The first month is often prorated from the move-in date to the end of the month, with full rent due on the 1st of subsequent months.
Q5: What about security deposits with prorated rent?
A: Security deposits are typically based on the full month's rent amount, not the prorated amount.