Pro-rated rent?

I am moving into a community apartment and the managment office is requiring pro-rated rent? I have no heard of this before and unfortunately, don't know what it is/means. Can someone explain it to me, thanks.

For Example if you move into an apartment on the 10 day of the month and your rent is $400.00 a month then they are taking ten days off of your first month because they are not asking you to pay for days that you didn't live there.

$400.00 A month
=$12.90 a day if there are 31 days in the month
x 10 days
=$129.00 Discount
=$271.00 for your first month of rent
I hope that this helped you to understand this. Best of Luck

It means they are going to charge you for PART of the month that you are moving in. For example, if you move into a place on April 12, they would make you may the portion of the rent from April 12-30. So then it would be about 2/3rd of the rent. It is actually very commen.

Ok, say you are going to move in on the 15th, but the landlord wants all payments on the 1st of each month, you will be required to pay 1/2 of the rent for that month to make the payments always due on the 1st.

It's just a partial rent payment because you're moving in mid-month.

Pro-rated rent is just a part of the month's rent due when you don't move in on the first of the month. Take the monthly rent and divide it by the number of days in the month, that is the pro-rated rent. Some apartments will calculate it based on the actual number of days in the month, others based on 30 days regardless of the actual number of days in the month. The reason for pro-rated rent is to keep your rent due on the first of the month, not in the middle of the month.

It's simply a math thing. Say your rent is $300.00 a month x 12-months is $3,600.00 a year divided by 365 days is $9.86 per day.

So if you move in on the 15th and there are 30 days in the month, you owe 16 days x $9.86 = $157.76.

They charge you a daily rate if you're living there for only part of the first month. If you would multiply the daily rate times the number of days in that month, you should get the same number as your regular monthly rent.

divide the annual rent by 365 and multiply the answer by the number of days you will occupy the property in the first month. ie you only pay for the days you use