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Prorated Rent
Current Policy (for leases generated before September 1, 2025):
If a lease starts after the 1st day of the month, the rental amount is prorated. Prorated rent is calculated by dividing the total rent, pet rent, garage rent, etc., by the number of days in the month. The daily rent rate is then multiplied by the number of days the resident will rent the property for the partial month.
We require a full month’s rent on the first day of the lease for all residents, regardless of the lease start date. You will be charged the prorated amount on the 2nd day of your lease. This policy helps our team ensure everyone has the same move-in experience, regardless of their move-in day. We do not prorate liability insurance fees.
New Policy (for leases starting September 1, 2025, and after):
For all leases starting on or after September 1, 2025, the first month’s rent will be prorated at move-in. The next full month’s rent will then be due on the first day of the following month.
Example:
A resident moving in on January 15 would pay only the prorated amount for January—about half a month’s rent—at move-in. Their next rent charge, a full month’s rent, would be due February 1.
This change ensures a fair and simple rent process while keeping move-in charges aligned with actual occupancy.