Last updated: April 13, 2025
Prorated rent simplifies the process of paying rent for partial months. It ensures you pay only for the days you actually occupy the rental property, making it a fair practice for both tenants and landlords.
Prorated rent refers to the adjustment of rent owed when a tenant moves in or out partway through a month. For instance, if you move in on the 15th of the month, you won't pay the full monthly rent. Instead, you'll pay rent for the days you occupy the unit. This calculation accounts for both the total monthly rent and the specific move-in or move-out date.