Prorated rent is the amount of rent charged for a partial rental period, typically when a tenant moves in or out in the middle of a month. It's calculated by dividing the monthly rent by the number of days in the month to get a daily rate, then multiplying by the number of days the tenant will occupy the unit.

For example, if your lease begins on a day other than the 1st of the month, you will only be charged pro-rated rent for the days that you reside at the property during that that month. Thereafter you would owe full monthly rent payments.

Baker Street Properties strictly adheres to this formula and will never charge you hidden fees. We strive to be as transparent as possible for any additional charges.

1. Determine the monthly rent amount
2. Count the total number of days in the month
3. Divide monthly rent by number of days to get daily rate
4. Multiply daily rate by number of days tenant will occupy the unit

For example, if your rent is $3,000/month and you will be residing at the property for 10 days that month, then your pro-rated rent would be: ($3,000 / 30) x 10 = $1,000.

• The lease start date is  mid-month
• When a renewal lease begins in the middle of a month (mid-month renewal)
• Short-term lease modifications or addendums
• Property renovations or repairs requiring temporary vacancy

Always check your lease agreement and local rental laws, as prorating policies can vary by location and landlord.