Hi TT...

You take your monthly rent and divide it by the number of days in the month you will be prorating and that will give you a DAILY RATE for that month for the unit. Then, say they will be in for only 15 days that month, you would multiply 15 times the daily rate to get your prorated rent due.

Example:

$1000.00 rent for month normal rent.

$1000.00 divided by 30 days = $33.33 each day is the daily rate.

So, in this example, the tenant wants to move in on the 15th leaving 15 days to prorate so you end up with 15 days times the $33.33 daily rate = $499.95 prorated rent due.

Questions? Let me know, OK?

Mark

Tell us your situation first please. Usually there is no need to prorate if you don't mind having the lease start and end mid month.

Quote:

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Originally Posted by massplumber2008

Example:

$1000.00 rent for month normal rent.

$1000.00 divided by 30 days = $33.33 each day is the daily rate.

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Hello t:

I would do it THIS way: $1,000 times 12 months, divided by 365 days. Done that way, the daily rate is $32.88.

excon

I prorate by the month that they will begin occupying not by the year. Some months are short some are longer... some months the Tenant benefits... some months I benefit and it is easier to explain the proration. Good luck!