Prorated Rent
What Is Prorated Rent?
Prorated rent is the amount you pay based on the number of days you occupy a rented residence during a particular month. With prorated rent, a tenant does not have to pay an entire month’s rent if they move in or out partway through the month or if there are other interruptions in their tenancy.
Landlords are not required to offer prorated rent. If they do, it should be part of the residential lease agreement.
Create a Residential Lease Agreement now
When Do Landlords Prorate Rent?
In some cases, landlords use prorated rent as a fair way for tenants to pay for the actual time they are living in an apartment or rental home. Cases of prorated rent include when a tenant needs to move into or out of the home in the middle of a month rather than on the first day or last day of the month.
Prorated rent can also apply when a tenant needs to remain in the apartment after the lease ends or move in a few days before the lease starts.
Let’s say a college student’s lease ends on April 30 but has final exams that extend into the first few days of May. A prorated rent allows the tenant to pay for only those few days rather than the entire month.
Another example of prorated rent can occur if a tenant has the legal right to move out early due to violations of the lease agreement, such as health or safety violations.
How To Calculate Prorated Rent
Rent typically is based on a calendar month. To calculate a prorated rent, you first need to determine your daily rent amount. Take your full monthly rent payment and divide it by the days in that particular month.
Now, you use that information to find your prorated rent. Multiply your daily rent by how many days you will be occupying the apartment that month. Here is the total formula:
Prorated Rent = (Monthly Rent / Number of Days in the Month) x Occupying Days
Here is an example to illustrate this formula. If your rent is $1,800 per month, your daily rent for June equals $60 because $1,800 divided by the 30 days in the month of June is $60.
If you move in on June 15, you will occupy the apartment for 15 days that month. Thus, you multiply your daily rent of $60 by 15 for a prorated rent of $900.
You can use an online prorated rent calculator to figure out your prorated rent.
When Do You Pay Prorated Rent?
Be sure to check your lease agreement and confirm the amount with your landlord before making the prorated payment. This step is an integral part of your move-in/move-out checklist.
A landlord has the responsibility to do the following regarding prorated rent:
- Accurately calculate rent for partial occupancy
- Provide the tenant with a written explanation of the prorated rate
- Notify the tenant of any changes to terms in the lease
- Promptly address any disputes over the prorated rent calculation
If you break your lease partway through a month or move out without meeting the terms of your lease agreement, having the option of paying a prorated rent is unlikely.
Helpful resources:
Southern Management - What is Prorated Rent? How to Calculate and When to Pay
Apartment List - What Is Prorated Rent? (And How to Calculate It Easily)
Kopa - What is Prorated Rent, and How Should You Calculate It?
What Is Prorated Rent?
Prorated rent is the amount you pay based on the number of days you occupy a rented residence during a particular month. With prorated rent, a tenant does not have to pay an entire month’s rent if they move in or out partway through the month or if there are other interruptions in their tenancy.
Landlords are not required to offer prorated rent. If they do, it should be part of the residential lease agreement.
Create a Residential Lease Agreement now
When Do Landlords Prorate Rent?
In some cases, landlords use prorated rent as a fair way for tenants to pay for the actual time they are living in an apartment or rental home. Cases of prorated rent include when a tenant needs to move into or out of the home in the middle of a month rather than on the first day or last day of the month.
Prorated rent can also apply when a tenant needs to remain in the apartment after the lease ends or move in a few days before the lease starts.
Let’s say a college student’s lease ends on April 30 but has final exams that extend into the first few days of May. A prorated rent allows the tenant to pay for only those few days rather than the entire month.
Another example of prorated rent can occur if a tenant has the legal right to move out early due to violations of the lease agreement, such as health or safety violations.
How To Calculate Prorated Rent
Rent typically is based on a calendar month. To calculate a prorated rent, you first need to determine your daily rent amount. Take your full monthly rent payment and divide it by the days in that particular month.
Now, you use that information to find your prorated rent. Multiply your daily rent by how many days you will be occupying the apartment that month. Here is the total formula:
Prorated Rent = (Monthly Rent / Number of Days in the Month) x Occupying Days
Here is an example to illustrate this formula. If your rent is $1,800 per month, your daily rent for June equals $60 because $1,800 divided by the 30 days in the month of June is $60.
If you move in on June 15, you will occupy the apartment for 15 days that month. Thus, you multiply your daily rent of $60 by 15 for a prorated rent of $900.
You can use an online prorated rent calculator to figure out your prorated rent.
When Do You Pay Prorated Rent?
Be sure to check your lease agreement and confirm the amount with your landlord before making the prorated payment. This step is an integral part of your move-in/move-out checklist.
A landlord has the responsibility to do the following regarding prorated rent:
- Accurately calculate rent for partial occupancy
- Provide the tenant with a written explanation of the prorated rate
- Notify the tenant of any changes to terms in the lease
- Promptly address any disputes over the prorated rent calculation
If you break your lease partway through a month or move out without meeting the terms of your lease agreement, having the option of paying a prorated rent is unlikely.
Helpful resources:
Southern Management - What is Prorated Rent? How to Calculate and When to Pay
Apartment List - What Is Prorated Rent? (And How to Calculate It Easily)
Kopa - What is Prorated Rent, and How Should You Calculate It?