A partial rent amount calculated for occupancy covering less than a full rental period.
What prorated rent means in practice
Proration methods vary: daily rate based on actual days, a fixed 30-day month, or another lease-defined method. The calculation and dates should be stated clearly on the move-in ledger.
Example
A resident starting mid-month is charged the documented daily amount for the remaining occupancy days rather than a full month.
This glossary is educational and not legal, tax, lending, or accounting advice. Rules and terminology can vary by jurisdiction and professional context.