Move Out Rent Calculator

Formula

To calculate the Move Out Rent (R_m):

\[ R_m = \frac{R}{D_m} \times D_o \]

Where:

$R_m$ is the Move Out Rent in dollars
$R$ is the Monthly Rent in dollars
$D_m$ is the Number of Days in the Month
$D_o$ is the Number of Days Occupied

What is Move Out Rent?

Move out rent is the prorated amount of rent that a tenant owes for the period they occupied a rental property during the final month of their lease. This calculation is necessary when a tenant does not occupy the property for the entire month, ensuring they only pay for the days they actually lived in the property. This is especially common in situations where the lease ends mid-month or the tenant moves out before the end of the month.

Example Calculation 1

Let's assume the following values:

Monthly Rent ($R$) = $1200
Number of Days in Month ($D_m$) = 30 days
Number of Days Occupied ($D_o$) = 15 days

Using the formula:

\[ R_m = \frac{1200}{30} \times 15 = 600 \text{ dollars} \]

The Move Out Rent is $600.

Example Calculation 2

Let's assume the following values:

Monthly Rent ($R$) = $1500
Number of Days in Month ($D_m$) = 31 days
Number of Days Occupied ($D_o$) = 20 days

Using the formula:

\[ R_m = \frac{1500}{31} \times 20 = 967.74 \text{ dollars} \]

The Move Out Rent is $967.74.