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Understanding Prorate Rent Calculation: A Guide for Tenants and Landlords
Last updated: April 13, 2025
Understanding Prorate Rent Calculation
Prorate rent calculation determines the rent amount owed for partial months. This process ensures tenants pay only for the days they occupy their rental property, providing clarity for both parties involved.
What Is Prorate Rent Calculation?
Prorate rent calculation refers to dividing the monthly rent by the number of days in the month to establish a daily rental rate. This rate is then multiplied by the number of days the tenant occupies the property. For example, if the monthly rent is $1,500 for a 30-day month, the daily rate is calculated as follows:
