Prorated rent is the amount of money a tenant pays to a landlord for occupying a rental unit for less than a full month. The concept of prorated rent is central to both landlords and tenants, as each has a financial interest in when it is used and how it is calculated. Here's what you need to know.
View the full article: Prorated Rent: How to Calculate It and Why It Matters on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.