Prorated rent意思

"Prorated rent" is a term used in the context of rental agreements, particularly when referring to the payment of rent for a partial month or a partial period of occupancy. The word "prorated" means to divide something into equal parts based on a specific rate or ratio.

In the context of rent, prorating is used to calculate the amount of rent that a tenant would owe for a period of time that is not a full month. For example, if a tenant moves into an apartment on the 15th of the month, the landlord might prorate the rent for that month so that the tenant only pays half the usual monthly rent.

The calculation for prorated rent is typically done by taking the total monthly rent and dividing it by the number of days in the month, and then multiplying that amount by the number of days the tenant will be occupying the property. This ensures that the tenant is only paying for the portion of the month that they are using the space.

Prorated rent is a common practice when tenants move in or out in the middle of a month, during a lease termination, or when a rental agreement is first starting and the first full month's rent has not yet come due.