1. What is Prorated Daily Rent?

Prorated daily rent is the amount of rent calculated per day when a tenant doesn't occupy the property for a full month. It's commonly used for move-in or move-out dates that don't align with the first or last day of the month.

2. How Does the Calculator Work?

The calculator uses the prorated rent formula:

Where:

• Monthly Rent — The total rent amount for a full month
• Days in Month — Number of days in the specific month (usually 28-31)

Explanation: This calculation divides the monthly rent by the number of days in the month to determine the daily rate.

3. When to Use Prorated Rent

Details: Prorated rent is typically used when:

• A tenant moves in mid-month
• A tenant moves out before the end of the month
• Calculating partial month charges for any reason

4. Using the Calculator

Tips:

• Enter the full monthly rent amount in dollars
• Enter the number of days in the specific month (default is 30)
• For February, use 28 or 29 days as appropriate

5. Frequently Asked Questions (FAQ)

Q1: Is prorated rent required by law?
A: Laws vary by location, but most jurisdictions require landlords to charge only for days the tenant occupies the unit.

Q2: What if the month has 31 days?
A: Use 31 in the calculator for months with 31 days (January, March, May, July, August, October, December).

Q3: Can I use this for weekly rent calculations?
A: No, this calculates daily rent. For weekly calculations, divide monthly rent by 4.33 (average weeks per month).

Q4: How do I calculate the total for partial month?
A: Multiply the daily rate by the number of days the tenant will occupy the property.

Q5: Should utilities be prorated the same way?
A: Utilities are typically handled separately, either by actual usage or a different proration method.