Leasing FAQs

Is rent pro-rated for a partial month?

Last Updated: Oct 02, 2015 10:16AM CDT
It depends. Corporate apartments in West Campus and Riverside generally do not pro-rate the rent for a partial month – they offer an “installment contract”. With an installment contract, you would pay X (“X” is typically 12) equal installments of the rent amount – so even if your lease started August 20th, you would still pay the full rent amount for August. Installment contracts effectively increase your true rental rate, so it’s important to calculate what you’re actually paying for the entire year when comparing properties. Taking Riverside as an example - even after factoring in the installment contract effect, the corporate apartments are still a tremendous value that would be tough to beat. West Campus corporate apartments (as well as newer construction non-corporate apartments in the neighborhood), unlike those in Riverside, typically charge for parking, so remember to factor that into your calculations. Another variable is the peace of mind you may gain with a corporate apartment's individual lease.

With condos, houses / duplexes, non-corporate apartments, and corporate apartments outside of West Campus and Riverside, rent is usually pro-rated for partial months. For example, if your lease started in the exact middle of the month, you would only owe half a month’s rent for that month. Also, parking is typically free, with the exception of downtown (and newer West Campus non-corporates mentioned above). 

UT Apartment Pro-rated Month

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