1. What is Prorated Rent?

Prorated rent is a calculated amount a tenant pays for occupying a rental unit for a partial month. It's commonly used when moving in or out mid-month.

2. How Does the Calculator Work?

The calculator uses the prorated rent formula:

Where:

• \( Monthly \) — Full monthly rent amount
• \( Days \) — Number of days occupied
• 30 — Standard days divisor (or actual days in month)

Explanation: The equation calculates what portion of the monthly rent is owed based on the number of days occupied.

3. Importance of Prorated Rent

Details: Prorated rent ensures fair payment when tenants don't occupy a unit for a full month, preventing overpayment and disputes.

4. Using the Calculator

Tips: Enter monthly rent in USD, days occupied (1-31), and select proration method (30-day month or actual days in current month).

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between 30-day and actual days proration?
A: 30-day is simpler (always divides by 30), while actual days uses the exact number of days in the current month (28-31).

Q2: Is prorated rent required by law?
A: Laws vary by location, but most jurisdictions require fair proration when tenants move in/out mid-month.

Q3: How are partial days calculated?
A: Typically, any day the tenant has possession counts as a full day, even if it's just part of the day.

Q4: Can landlords charge more than prorated rent?
A: Generally no, unless specified in the lease agreement for special circumstances.

Q5: What if the move-in and move-out dates span multiple months?
A: Calculate each month separately, using the appropriate days and monthly rates for each period.