1. What is Daily Rent Calculation?

The daily rent calculation determines the per-day cost of a rental property based on the monthly rent and number of days in the month. This is commonly used in the Philippines for short-term rentals or prorated rent calculations.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Monthly Rent — Total rent amount for the month in Philippine Pesos (PHP)
• Days in Month — Number of days in the rental period (typically 28-31)

Explanation: This calculation evenly distributes the monthly rent across each day of the rental period.

3. Importance of Daily Rent Calculation

Details: Calculating daily rent is essential for short-term leases, prorating rent for partial months, comparing rental costs, and budgeting for temporary accommodations.

4. Using the Calculator

Tips: Enter the total monthly rent in PHP and the number of days in the rental period. For standard months, use 30 days unless calculating for a specific month.

5. Frequently Asked Questions (FAQ)

Q1: How many days should I use for the calculation?
A: For general purposes, 30 days is standard. For specific months, use the actual number of days (28, 29, 30, or 31).

Q2: Is this calculation legally binding in the Philippines?
A: This is a standard calculation method, but rental agreements should specify how daily rates are determined.

Q3: Should utilities be included in the daily rate?
A: Only if they're included in the monthly rent. Otherwise, utilities should be calculated separately.

Q4: How does this work for leap years?
A: For February in a leap year, use 29 days instead of 28 for the most accurate daily rate.

Q5: Can I use this for commercial properties?
A: Yes, the same calculation applies to both residential and commercial rentals.