Mid-Month Apportionment Guidelines
For a tenancy spanning 4 days, both the move-in day and the move-out day are counted as full billable tenancy days under US statutory standards. Ensure your written lease agreement specifies whether calculations use the actual calendar days or the standard 30-day banking convention.
Step-by-Step Calculation Example for 4 Days:
Assuming a monthly rent of $1,800.00 in a 30-day month:
- Divide monthly rent by total days:
$1,800 ÷ 30 = $60.00 per day - Multiply daily rate by occupied days:
$60.00 × 4 = $240.00
Total Prorated Rent: $240.00