However, as we all know, life doesn't always bow down to calendar dates. Unforeseen circumstances may be thrown your way và may cause you to lớn have sầu to lớn delay your move-in date or leave before your lease is up.
Perhaps you've sầu found a new job opportunity in a different đô thị or you’re taking the plunge và moving in with your significant other. Regardless of the details, renters should underst& what prorated rent is, và how to lớn calculate it.
Why, you ask?
Well, prorated rent might just help you avoid spending money on rent when you don’t have to lớn.
If your move-in date doesn't align with the 1st of the month, does that mean you have sầu to lớn pay an entire month's rent? The answer is, no, you’ll likely have an adjusted bill.
What happens when you move sầu out before the over of the month? Should you have sầu to pay the full month of rent? No one likes to lớn feel as if they’re wasting money (unless you’re filthy rich) so, it's worth trying khổng lồ negotiate prorated rent when you can.
Here’s everything that you need lớn know about prorated rent & how khổng lồ calculate it.quý khách hàng vẫn xem: Prorated là gì
What is Prorated Rent?
Prorated rent is an adjusted amount that you owe the landlord, based on the move-in date. Simply put: it's a partial payment that is consistent with the period of time that you're staying at the property. It's a way for landlords lớn charge tenants fairly.
Bạn đang xem: Prorate là gì
This practice is called prorated rent because it is calculated in proportion to the number of days you occupied the space. Do know that in most cases, there's no legal obligation on the landlord's end lớn offer you an adjustment. Before signing a lease, it's a good idea to talk to lớn your landlord to see if they offer adjusted rates in the event that you move sầu in late, or move out early. If you don't have anything in writing, there is no guarantee that they will prorate your rent.
What if I Need lớn Move sầu Out Early?
You shouldn't place any bets on settling a prorated rent agreement if you move sầu out early. As early move-outs are usually your own decision, landlords may not feel obligated lớn adjust the amount due because you've already committed khổng lồ that month. You're in a much better position to lớn negotiate prorated rent before you've signed your name on any dotted lines.
Do Your Homework
So, if you haven't signed a lease agreement yet, but are about lớn bởi vì so, take your time when you're looking over the document. Sometimes, landlords will include clauses that directly specify whether or not they offer prorated rent agreements.
Even if you're moving on the first of the month, inquiring about their stance on prorating rent upon move-out will leave you one step ahead of the game. See if the landlord is open to lớn including a clause that specifies that you will only be required to lớn pay the prorated amount if you move out earlier in your final month than anticipated.
Your landlord isn't legally obliged to offer prorated rent — it's a practice of fairness. Not all landlords are going lớn be willing khổng lồ do it, after all, they’re losing money.
How khổng lồ Prorate Rent - Calculations & Formulas
Landlords typically calculate the adjusted amount by using the number of days in a month or the number of days in a year. They also consider the billing date.
Calculating prorated rent is a slightly different process when your monthly rent is due on the 12th of each month, versus the 1st.
Let's take a look at how lớn prorate rent using these calculators/formulas.
1. Using the Days in a Month
The simplest way of calculating your prorated rent is khổng lồ divide your monthly rent payment by the number of days in that month lớn get a daily rate. Multiplying the number of days that you’ll be occupying the unit in the month by the daily rate will give sầu you your prorated rent price.
The equation looks like this:
((monthly rent payment)/(number of days in the month)) x (number of days that you’ll be living in the apartment that month) = prorated rent
Let's say that you're moving in on the 8th of April. Your monthly rent cost is $1200.
Your prorated rent would be calculated by dividing the monthly rent by the number of days in the month. In this case, that would be $1200/30 which equals $40. $40 is your daily rent rate.
Subtracting 8, the number of days that you’ll occupy the home page, from 30, the number of days in April, gives you 22.
2. Billing Cycles That Don't Start on the 1st of the Month
Not all landlords use billing cycles starting on the 1st of the month. If you are moving in the middle of the month, you'll have sầu to lớn adjust the calculation for the partial month.
Let's say that you're moving in on January 15th, but your rent of $1200 isn't due until the 8th of February. How vày you calculate the prorated amount?
With this equation (it’s not as scary as it looks):
((monthly rent payment for month 1)/(number of days in month 1)) x (number of days that you’ll be living in the apartment in month 1) + ((monthly rent payment month 2)/(number of days in month 2)) x (number of days that you’ll be living in the apartment in month 2) = prorated rent
Start by calculating the portion of rent that covers January by dividing $1200 by 31, the number of days in January. That's $38.70, which you'll have sầu to multiply by the remaining billable days of the month. To find this, subtract your move-in date from the total days in January and add 1. The total billable days will be 17, which you'll multiply the daily rate of $38.70 by.
The prorated amount that covers January is $657.90.
Now let's move sầu on khổng lồ the portion of February that needs calculating.
Divide $1200 by 28, the number of days in February, to lớn get $42.85. Now multiply the number of days in February that you’ll be occupying the unit, so February 8th.
In this case, it’ll be 7 days (the day rent is due rolls into lớn the new billing cycle, which is why it's not 8).
$42.85 x 7 = $299.95.
The last step is adding the two pieces together. $657.9 + $299.95 = $957.85. This is your prorated rent amount, and how much your payment would be on February 8th, if you were to lớn move in on January 15th.
3. Using the Days in a Year
If you're signing a year-long lease, your landlord is more likely lớn use the number of days in a year to lớn determine the prorated amount.
Here’s the equation:
((monthly rent payment x 12) / 365) x number of days that you’re occupying the unit in that billing cycle = prorated rent
For this method, let's still use the hypothetical scenario of an apartment that costs $1200 for a full month's rent.
By multiplying that number by 12, the number of months in a year, the total yearly rent is $14,400.
Now, we'll divide this amount by 365, which is the number of days in a year. By this calculation, the daily cost of renting your apartment is $39.45.
Multiply this number by the number of days you’ll be occupying the unit during the billing cycle, and voilà… you’ve got your prorated rent!
Asking Your Landlord for Prorated Rent
While prorated rent is cost-efficient for you, it’s not the same for your landlord. If your landlord doesn't offer you prorated rent upfront, then it's up lớn you to make it happen.
Reach out lớn your landlord in writing. This is important, as it gives you a receipt of your inquiry. This may come in handy if your landlord tries khổng lồ change the terms of the payment due later on. While sending a letter is a proper formality, sending an e-mail is entirely acceptable as well. Whether you decide to lớn reach out on paper or digitally, the most important thing is to ask politely.
The Legality of Prorated Rent
No law or statute requires landlords to lớn offer prorated rent. Therefore, approach it as if you're asking someone for a favor. Mention your excitement about renting the place. Or if you're already living there, address your satisfaction with the property. Approaching this with a friendly demeanor can vị wonders. If you are condescending, aggressive, or "demand" prorated rent, your wishes may very well never come true.
Properly Timing Your Request
Timing is of the essence in this particular situation. You'll want to lớn bring the topic of prorated rent lớn the table before you've signed a lease. This leaves more wiggle room lớn make changes & fulfill your request. If you've already agreed to the terms và signed your name, you don't have much leverage. If you’ve sầu already signed your lease without asking about prorated rent, you may be out of luông chồng later on when you discover a clause prohibiting it.
nhận xét Your Lease
Speaking of the lease, how closely have sầu you studied the lease terms? Let's be honest, none of us enjoy reading through them—and often we don't.
However, by not understanding what your landlord expects from you và what you can expect from them, your request for prorated rent may fall on deaf ears. Particularly if your landlord has a section dedicated to these questions in the lease.
Even if you think your lease didn’t mention anything about prorated rent, make sure lớn double-check. Look for any headers that talk about notice of termination, auto-renewal, or move-in & move-out dates. While some leases contain a clear section that addressed prorated rent, sometimes the term is hidden under other sections.
Pay attention to any kind of notice period you need lớn give sầu your landlord in order khổng lồ be eligible for prorated rent. You don’t want khổng lồ ask outside of that notice period.
Many landlords understvà that our own lives often defy the strictness of calendar years, which is why the practice of prorated rent started in the first place.
Asking your current or future landlord about their perspective sầu on prorated rent is a great place lớn start. If you don't need to spover extra money on renting a place when you're not even there, then why would you? The only thing you need lớn do is open the line of communication.