prorated rent
Fractional monthly charge
Prorated rent is a partial month's rent calculated proportionally based on the number of days occupied.
When a tenant moves in mid-month, the landlord calculates the daily rate and charges only for the days remaining: My prorated rent for moving in on the 15th was $450 instead of the full $900.
- partialFavoring one side
- fair shareEquitable part owed
- monthlyOccurring each lunar cycle
- leaseTemporary use contract
- landlordProperty owner renting out
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- rent
- leasinglease agreement, tenant, lease term, lease terms, lease payment
- rental costssecurity deposit, late fee, pet deposit, pet fee, application fee