How to calculate pro-rata rent - 30 days or 31?

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  • PatEx
    replied
    I never thought of doing it that way. Maths was never my strong point!

    Many thanks.

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  • Ericthelobster
    replied
    Originally posted by PatEx
    Hi. For the purpose of calculating pro-rata rent, should I define a month as 30 days in duration or 31?
    Neither. The usual way is to multiply the monthly rent by 12, and divide that number by 365 to get the daily figure.

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  • Energise
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    Annually

    X 12 / 365

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  • PatEx
    started a topic How to calculate pro-rata rent - 30 days or 31?

    How to calculate pro-rata rent - 30 days or 31?

    Hi. For the purpose of calculating pro-rata rent, should I define a month as 30 days in duration or 31?

    (I am moving out of my flat on Feb 12th and I pay my rent on the 20th of each month. My final payment will therefore consist of 23 days rent, but I'm not sure whether to divide my monthly rent by 30 or 31 to work out the pro-rata daily rate...)

    Any help much appreciated!

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