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.](https://www.learntocalculate.com/wp-content/uploads/2020/08/prorated-rate-1024x117.png)
Example:
If the monthly rent is $ 150, calculate the prorated rent of a tenant who stayed for 10 days and moved.
![Calculate Prorated Rent.](https://www.learntocalculate.com/wp-content/uploads/2020/08/prorated-rate-2-1024x294.png)
Therefore, the prorated rent is $ 50.