The prorated rent calculator helps you easily calculate your rent when moving in or out mid-month, ensuring accurate and fair adjustments.
Prorated rent refers to the amount of rent you owe for a partial month when you move in or move out of a rental property. Instead of paying for the full month, you only pay for the days you actually occupy the property.
Prorated rent is calculated by dividing the total monthly rent by the number of days in the month and then multiplying by the number of days you occupy the property.
The formula is:
Prorated rent is applicable when you move into a rental property after the first day of the month or move out before the last day of the month. It ensures that you only pay for the days you occupy the property.
Prorated rent is important because it provides a fair way to calculate the rent amount for partial months, ensuring that tenants are not overcharged for days they are not occupying the property.
In some cases, yes. Prorated rent is typically a straightforward calculation, but if there are extenuating circumstances, you may discuss them with your landlord to see if adjustments can be made.
Prorated rent usually only covers the rent amount. If your rent includes utilities or other fees, you should check your lease agreement or speak with your landlord to see if those are also prorated.
The total days in a month vary: 28 or 29 days in February (depending on a leap year), 30 days in April, June, September, and November, and 31 days in all other months.
If you move in or out mid-month, your rent will be prorated. You will only be responsible for paying rent for the days you are in the property.
Typically, prorated rent is charged by the day, not by the hour. Whether you move in early in the morning or late in the evening, the entire day is usually counted as one day for prorated rent purposes.