I have 2 tenants on a periodic tenancy. The payment date is 15th of the month and the last payment was made on Feb 15th (so payment received to cover up to 14th March). One tenant has given notice and therefore the end date of the agreement for both tenants will be 20th March.
How do I calculate how much additional rent for the period is due ( 15th - 20th March)
if for example the rent was £1000, should the additional rent be calculated as follows:
£1000 divide by 31 ( number of days on March) multiplied by 6 ( 15-20th March)
So £32.26 x 6 =£193.55
Or do I calculate based on annual rent divided by 365 and multiplied by 6?
Am I correct in assuming the charge for the extra 6 days should be made on 15th?
Thanks