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Use this rent calculator, prorated rent, partial rent, rent proration, daily rent calculator for quick, clear estimates. Try a tiny example to see the impact of each input.
Frequently Asked Questions
Q: What is prorated rent?
Prorated rent is a partial rent payment that covers only the days a tenant occupies a property within a rental period, rather than the full month.
How do you calculate prorated rent?
To calculate prorated rent, first determine the daily rent by dividing the total monthly rent by the number of days in the month. Then, multiply the daily rent by the number of days the tenant will be occupying the property.
When is prorated rent used?
Prorated rent is commonly used when a tenant moves into or out of a rental property in the middle of a billing cycle, ensuring they only pay for the exact number of days they occupy the unit.
What is a daily rent rate?
A daily rent rate is the portion of the total monthly rent that corresponds to a single day. It’s typically calculated by dividing the total monthly rent by the number of days in that specific month.