Typically, landlords will round up if the third decimal point is between five through nine or round down if it’s between zero through four. You should also be able to explain how the prorated amount is rounded up during calculations. If you’re unsure of what your real estate market requirements are for prorating rent in your area, reach out to a real estate attorney with any and all questions.īeing able to give a clear, concise explanation for how prorated rent is calculated is a fundamental part of your tenant and landlord relationship that builds transparency and trust. How you choose to calculate prorated rent may depend on multiple factors, including: Having access to a prorated rent calculator is great, but it’s also important that you understand why and how your prorated rent payments are calculated. Simply fill in your numbers and gain access to an instant prorated rent amount:Ġ USD Different ways to manually calculate prorated rent Quickly crunch the numbers without any hassle or doubts! We’ve created a prorated rent calculator to help you determine the most accurate amount to charge for prorated rent. Make it easy: Use AAOA’S prorated rent calculator
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