How is prorated rent handled if a resident moves in part way through the first month?

PURE utilizes the “2nd month proration” method of accounting in regard to the rent due in the first month. This method requires payment of a full month’s rent at the beginning of the tenancy. This provides extra security for our property owners and allows us to pay all relevant leasing fees and maintenance at resident move-in. PURE then prorates rent for the 2nd month based on their actual move in date based on a 30-day month. For example, if a resident moves in on the 10th of the month, their first month rent due will be a full one month’s rent. The second month will then be prorated for the 20 days of rent. Each month thereafter, the rent is due on the first.