that tenant Jones moved out of the apartment on June 7, after paying a full month's rent on June 1 and giving a legal 30-day notice expiring on June 30.

Tenant Smith took possession of the same apartment on June 16. You know by law that you can't charge rent on an apartment to two residents at the same time. The rent on the apartment is $900. (Assume pro-rate rents are based upon a 30-day month)
The manager collected all of June's rent on June 1 from Jones. How much rent will tenant Jones receive as a refund once tenant Smith moves in?
How much should the manager have collected from tenant smith for June’s rent?

1 answer

To calculate the rent refund for tenant Jones and the amount that tenant Smith should have been charged for June, we first need to determine the daily rental rate and the relevant rental periods.

  1. Calculate the Daily Rental Rate: The monthly rent for the apartment is $900. To find the daily rate, we divide the monthly rent by 30 days:

    \[ \text{Daily Rent} = \frac{900}{30} = 30 \text{ dollars per day} \]

  2. Determine Tenant Jones' Refund: Tenant Jones paid rent for the full month of June (June 1 to June 30) but moved out on June 7. Therefore, Jones is entitled to a refund for the days he did not occupy the apartment after moving out.

    Jones lived in the apartment from June 1 to June 7, which is 7 days.

    The number of days Jones did not occupy the apartment after moving out is:

    \[ 30 - 7 = 23 \text{ days} \]

    Now, we calculate the refund by multiplying the number of non-occupied days by the daily rent:

    \[ \text{Refund for Jones} = 23 \text{ days} \times 30 \text{ dollars/day} = 690 \text{ dollars} \]

  3. Determine How Much Tenant Smith Should Pay for June: Tenant Smith moved in on June 16. Since Jones had already paid for the month of June and Smith cannot be charged simultaneously for the same apartment, Smith should only pay for the days he is occupying the apartment.

    Smith occupied the apartment from June 16 to June 30, which is:

    \[ 30 - 16 + 1 = 15 \text{ days} \]

    Now, we calculate how much Smith should pay:

    \[ \text{Rent for Smith} = 15 \text{ days} \times 30 \text{ dollars/day} = 450 \text{ dollars} \]

Summary of Amounts:

  • Refund for Tenant Jones: $690
  • Rent for Tenant Smith: $450