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Understanding Rent Proration

Rent proration is a method used to divide rent charges or credits on a daily basis. This is most commonly encountered when a tenant moves into a new rental unit in the middle of a rental period or when a lease ends on a day other than the last day of the month. Instead of charging or crediting a full month's rent, proration ensures that the tenant only pays for the days they actually occupy the property.

How Rent Proration Works

The basic principle is to determine the daily rental rate and then multiply it by the number of days the tenant is responsible for that specific month. The formula is straightforward:

  1. Calculate the Daily Rent Rate: Divide the full monthly rent by the number of days in that particular month. It's important to use the actual number of days in the month (e.g., 30 for April, 31 for May, 28 or 29 for February).
  2. Determine the Number of Occupied Days: Count the number of days the tenant will occupy the unit during that partial month. This typically includes the move-in day and the move-out day.
  3. Calculate the Prorated Rent: Multiply the daily rent rate by the number of occupied days.

When is Rent Proration Used?

  • Mid-Month Move-Ins: If a tenant moves in on the 15th of a 30-day month, they will pay for 16 days of rent (15th through the 30th).
  • Mid-Month Move-Outs: Similarly, if a tenant moves out on the 10th of a 31-day month, they will be credited for the remaining 21 days of rent (11th through the 31st).
  • Lease Term Changes: When a lease term is adjusted and doesn't align perfectly with a full month.

This method ensures fairness for both the landlord and the tenant by accurately reflecting the period of occupancy.

Prorate Rent Calculator

Prorated Rent: —

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