Choose Most Lucrative Method of Calculating Prorated Rent

If a prospective tenant asks to rent space in your center beginning on a day past the first of the month, you should prorate the rent for the remainder of the month. Spell this out in the lease carefully. Otherwise, you and the tenant could end up in a dispute over which calculation method to use. That’s because there are several methods to calculate prorated rent, and each one gives a different result. It’s important to carve out the right to use the method you want, since the method you choose will affect how much rent the tenant pays you.