Pro-Rated Rent Explained

in Legal Issues on by

What exactly pro rated rent is and how it is calculated can be confusing. At a time when you are spending so much money and signing so many documents, calculating what the figure is based on is the last job you want to do. Pro-rated rent, however, is easily explained.

Pro-Rated Rent Defined

Typically, apartment rents are charged on a monthly basis and are due at the beginning of the month. There are times, however, when an occupant moves out days or weeks prior to the end of a month and the landlord re-lets the apartment in the middle of the month. In these instances, a landlord cannot charge a new tenant an entire month’s rent since the new tenant has not occupied the apartment for the entire time.

Pro-Rated Rent Calculations

Pro-rated rent is calculated by dividing the monthly rent by the average days in a month for the majority of moths in a year, or thirty days. This provides the amount of rent per day it costs a tenant to live in the apartment. Then, this number is multiplied by the amount of days the new tenant will occupy the space for the remainder of the month. The sum is then the amount of pro-rated rent charged to the new tenant.

For example, if the monthly apartment rent is $1,000.00. The daily rent for the space is $30.40. A new tenant that will occupy the apartment for ten days would therefore be charged $333.40 pro-rated rent.

While not a fun task, calculating the amount of pro-rated rent is easy and should be done prior to paying the first month’s rent. If the number seems high, tell the landlord so; it is possible there was simply a miscalculation. And remember, asking for a receipt when not paying by check will prevent future problems.

2 Responses to “Pro-Rated Rent Explained”

  1. October 25, 2013 at 3:20 pm, VIRGINIA WHIDBY said:

    HELP I AM ON SSI WITH ONLY AN INCOME OF $750 PER MONTH
    I NEED A TOWN HOUSE WITH A BACKYARD ENCLOSED PATIO
    ON A PRORATED SCALE
    I HAVE SOMEONE LOOKING FOR ME AT
    HOUSING PROBLEMS SOLVERS
    BUT I CANNOT EVEN FIND THEIR EMAILS

    Reply

  2. December 07, 2016 at 4:26 pm, Nicole said:

    My friends rent is $719 , but she paid $599 and change for the prorated rent. That seems high to me ? Her move in date is on the 16th of December !

    Reply

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