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How to Calculate Prorated Rent.
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How to Calculate Prorated Rent.

Rosemary Njeri

Prorated rent is the amount of money a landlord charges a tenant when he or she is occupying the unit for a partial term.

It’s a way for landlords to fairly charge renters who don’t stay in a rental property for a full month.

Formula to calculate prorated rent.

Calculate Prorated Rent.

Example:

If the monthly rent is $ 150, calculate the prorated rent of a tenant who stayed for 10 days and moved.

Calculate Prorated Rent.

Therefore, the prorated rent is $ 50.

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