How do I calculate the prorated rent
To calculate the prorated rent, you can set up a proportion. Follow these simple steps.
Set up the following proportion: monthly rent : days in month = prorated rent : effective stay, where:
days in month — The exact number of days of the month you're moving in or out; and
effective stay — The effective number of days of your stay in the first or last month.
Calculate the daily rent for the given month: daily rent = monthly rent/days in month.
Multiply the daily rent by the effective number of days to find the prorated rent: prorated rent = daily rent × effective stay.
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