what is pro rated rent

Prorated rent is a way for landlords to fairly charge renters who dont stay in a rental property for a full month. It is the amount of rent paid for less than a full month, calculated based on the number of days of a month a tenant stays in a rental. Prorated rent is often used when a tenant moves in or out during the middle of the month. It is calculated in proportion to the number of days the tenant occupied the space. To calculate prorated rent, you can divide the monthly rent by the number of days in the month and then multiply that number by how many days in that month youll be living in the property. For example, if you move in on June 16, you’d only be living in the apartment for half of June, so your rent for that month would be half of your monthly contract rent amount. Prorated rent helps tenants avoid paying rent for the entire month if they are there for less than 30 days. Landlords may choose to offer prorated rent if a tenant moves in or out of an apartment in the middle of a month.