How to Calculate Rent by Day

In some cases you may have to allow a tenant to move in or out on an odd day of the month instead of the first or last day of the month. In this case, you must calculate rent by day, which is also called prorated rent. Figuring out rent by day is a simple matter of division and multiplication to determine the total amount of prorated rent due.

Instructions

1

Determine the total rent you plan to charge the tenant. For instance, $700 per month. Assume, for example, that your tenant wishes to move in on February 13 and you need to figure out what to charge him up until March 1.

2

Divide the monthly rent by the number of days in the month in question. So in this example, since the tenant wants to start the lease in February, divide the rent by 28 to get $25 (except on leap year when you have 29 days). This is the prorated daily rent required for that month.

3

Multiply this figure by the number of applicable days in the month if necessary. For instance for 16 days in the month of February the total to charge the tenant for prorated days is $400. Add that fee to the tenant's first rent payment --- include the prorated fee plus rent for March in this example ($1,100).