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Prorated Rent Calculator

Description

The Prorated Rent Calculator helps tenants and landlords calculate the rent for a partial month based on the monthly rent amount, the total number of days in the month, and the number of days the tenant occupies the property. This tool ensures accurate rent calculations for move-in or move-out scenarios.

How to Use

  1. Enter the monthly rent in the "Monthly Rent" field.
  2. Enter the total number of days in the month in the "Days in Month" field (28, 29, 30, or 31).
  3. Enter the number of days the tenant will occupy the property in the "Days Occupied" field.
  4. Click the "Calculate Prorated Rent" button to see the prorated rent amount.
  5. The prorated rent will be displayed below the button, showing the rent amount for the days occupied.

How to Calculate Prorated Rent Manually

To manually calculate prorated rent, follow these steps:

  1. Determine the monthly rent amount.
  2. Find the total number of days in the month.
  3. Determine the number of days the tenant will occupy the property.
  4. Divide the monthly rent by the total number of days in the month to find the daily rent rate.
  5. Multiply the daily rent rate by the number of days occupied to find the prorated rent amount.
  6. Example: If the monthly rent is $1,200, the month has 30 days, and the tenant occupies the property for 15 days, the calculation would be:
    • Daily Rent Rate: $1,200 / 30 = $40
    • Prorated Rent: $40 × 15 = $600
Last updated: 09/13/2024
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