Introduction

Pro rating the rent means your allowing a tenant to make a partial rent payment for the month, rather than paying for a full month. Calculating rent proportionately lets you collect all rent money. There are several methods that can be used to calculate the pro rated rent and not all of them use the same factors. You may need to calculate a pro rated rental period if the lease term ends before the last day of the month. Or you may have a valid reason to vacate the property earlier than what is outlined in the lease. This article comes from bigger pockets dot com slash blog,. We give you the information an audio form too.