 Feb prorate rent (by Kate [NJ]) Jan 20, 2018 4:36 PM
 Feb prorate rent (by RB [MI]) Jan 20, 2018 4:52 PM
Feb prorate rent (by AllyM [NJ]) Jan 20, 2018 4:59 PM
Feb prorate rent (by Johnny B. [MA]) Jan 20, 2018 5:03 PM
Feb prorate rent (by Frank [NJ]) Jan 20, 2018 5:12 PM
Feb prorate rent (by Stephen [ON]) Jan 20, 2018 6:25 PM
Feb prorate rent (by Moshe [CA]) Jan 20, 2018 9:59 PM
Feb prorate rent (by David [KY]) Jan 21, 2018 5:09 AM
Feb prorate rent (by Jim in O C [CA]) Jan 21, 2018 7:27 AM
Feb prorate rent (by Kate [NJ]) Jan 21, 2018 9:06 AM
Feb prorate rent (by Rangor [TN]) Jan 21, 2018 9:45 AM
Feb prorate rent (by LindaJ [NY]) Jan 21, 2018 10:53 AM
Feb prorate rent (by Vee [OH]) Jan 21, 2018 2:20 PM
Feb prorate rent (by Kate [NJ]) Posted on: Jan 20, 2018 4:36 PM
Message:
Here's a question for the math brains and landlord relations bureau:
Tenant is leaving February 18th. She asked if I would prorate her rent of 18 days based on a 365-day year average, instead of the 28 days in the month of February which would cost her $200 more than an average for the year or a 31 day month. She has been a decent tenant.
What is your inclination?
Thanks for your opinions. --99.203.xx.xxx |
Feb prorate rent (by RB [MI]) Posted on: Jan 20, 2018 4:52 PM
Message:
I'm thinking more LL's
prorate on the way in,
than on the way out. --47.35.xx.xx |
Feb prorate rent (by AllyM [NJ]) Posted on: Jan 20, 2018 4:59 PM
Message:
She owes you for the entire month since you were unable to find another renter in the time left. But if you intend to prorate, do it on a 30 day month if you are so inclined. --73.33.xxx.xxx |
Feb prorate rent (by Johnny B. [MA]) Posted on: Jan 20, 2018 5:03 PM
Message:
I wouldn’t prorate for the last month. Does your rental agreement run on the basis of full months being a rental period? --24.147.xx.xxx |
Feb prorate rent (by Frank [NJ]) Posted on: Jan 20, 2018 5:12 PM
Message:
Did you rent by the week. Or month or a term lease? Hood tenant or not why would you short yourself. No pro rate --70.208.xx.xxx |
Feb prorate rent (by Stephen [ON]) Posted on: Jan 20, 2018 6:25 PM
Message:
I had a similar case at the end of last year with a tenant giving 60 days notice as required by law in Ontario. They gave notice November 1 and moved out November 19. I had them pay rent right the way through until December 31st (I held their last month's rent deposit). They were moving out in the dead of winter and leaving me with a vacant unit at Christmas, the worst possible time for leasing. Pro rating makes no sense in these circumstances. I would not agree to it and I do not recommend it. --76.67.xxx.xxx |
Feb prorate rent (by Moshe [CA]) Posted on: Jan 20, 2018 9:59 PM
Message:
CA uses 30 day month, no matter what month.
--47.139.xx.xxx |
Feb prorate rent (by David [KY]) Posted on: Jan 21, 2018 5:09 AM
Message:
Absolutely not --173.239.xxx.xx |
Feb prorate rent (by Jim in O C [CA]) Posted on: Jan 21, 2018 7:27 AM
Message:
Even though i’m in California I use actual days in the month. Try telling a renter i’m using 30 days when the month has 31. --75.22.xx.xx |
Feb prorate rent (by Kate [NJ]) Posted on: Jan 21, 2018 9:06 AM
Message:
Thank you all. --99.203.xx.xxx |
Feb prorate rent (by Rangor [TN]) Posted on: Jan 21, 2018 9:45 AM
Message:
We are having a family math discussion on this one and would like a little clarification. Is the tenant saying that they would be paying $200 more for 18 days in February or are they saying that the daily rate (monthly rate times 12 divided by 365) days is $200 different for a 28 day month than a 31 day month? The answer determines what monthly rate we use in our calculations. Thanks. --75.136.xxx.xxx |
Feb prorate rent (by LindaJ [NY]) Posted on: Jan 21, 2018 10:53 AM
Message:
If the tenant rents by the month, they owe you for the month. Of course, they can keep the keys for the month as well and hold up your getting in to do work. If you agree to prorate for whatever reason works for you (get then out sooner, get the keys, do the work and get it rented next month) then pro rate based on the higher amount that you get. If the tenant is OK with it, why argue. --96.236.xx.xx |
Feb prorate rent (by Vee [OH]) Posted on: Jan 21, 2018 2:20 PM
Message:
Best to wait for the cleanup results, there may be more cleaning than the deposit will cover - you can always send it beck but getting it a whole nuther circus tent. --76.188.xxx.xx |
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