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Real estate & rental

Rental Rent Proration Calculator

Prorated rent for a partial month, by the three methods landlords actually use.

Your numbers

$

Result

Prorated rent $1,440.00
Daily rate used $80.00
Actual days method $1,440.00
30 day method $1,440.00
Annual method $1,420.27
Prorated rent is $1,440.00 at $80.00 a day. The three methods give $1,440.00, $1,440.00 and $1,420.27, so the lease should say which one applies.

Tenancy rules are set by state and often by city, and they are among the most locally variable areas of law there is. Deposit limits, notice periods, late fee caps, interest on deposits and rent increase restrictions all differ and change. This is arithmetic, not legal advice; check your own jurisdiction before relying on any of it. The three methods differ by a few dollars, which matters less than being consistent and having the method written into the lease. Some jurisdictions specify which must be used.

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Questions

About this calculator

Which method is correct?

Whichever the lease specifies. Where it is silent, actual days in the month is the most defensible because it reflects the period the tenant actually had.

Why do February and July differ?

Because a daily rate based on actual days makes each day of February worth more than each day of July. The 30 day method removes that variation, which is why some landlords prefer it.

The formula

actual: rent / days in month x days occupied; 30 day: rent / 30 x days; annual: rent x 12 / 365 x days

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