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Calculate total rental of different rent rate at specific periods

  1. #1
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    Post Calculate total rental of different rent rate at specific periods

    Hi there!
    (Story: Recently, I have rented a unit in a building. The monthly rent rate is based on the area size of the rental unit. Within the 2 years, I have been & will be shifting to a larger rental unit, each being larger than the previous unit. As a result, my monthly rental rate increased in different period, as shown below. )

    I would like to ask if there are any useful formulae I can use in calculating the total rental value of the following, from 11 Nov 2020 to 10 Nov 2022:

    Start Date: 11 Nov 2020
    End Date: 08 Dec 2020
    Rental rate for the given period: $255.00/month.

    Start Date: 09 Dec 2020
    End Date: 22 Jan 2021
    Rental rate for the given period: $1,099.00/month.

    Start Date: 23 Jan 2021
    End Date: 04 April 2021
    Rental rate for the given period: $2,511.00/month.

    Start Date: 05 April 2021
    End Date: 11 May 2022
    Rental rate for the given period: $2,987.00/month.

    Start Date: 12 May 2022
    End Date: 10 Nov 2022
    Rental rate for the given period: $3,766.00/month.

    Thank you!
    Last edited by xamibebe; 01-05-2021 at 03:02 PM. Reason: Elaborate on the story

  2. #2
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    Re: Calculate total rental of different rent rate at specific periods

    xamibebe,

    Try the attached. Assumes you pay "pro rata" rent if you are there for less than whole months or weeks.

    Formula in E3 copied down

    =((C3-B3)+1)*((D3*12)/365)

    Annualise the rent (D3*12). Divide by 365 to find daily rate. Multiply by number of days rented (C3-B3+1)

    Hope this helps

    Ochimus
    Attached Files Attached Files
    Last edited by Ochimus; 01-05-2021 at 08:48 PM.

  3. #3
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    Re: Calculate total rental of different rent rate at specific periods

    Hi xamibebe,

    In attached Excel file calculation - included daily rate multiply by number of days the first and last month plus the number of full months * monthly rate

    Ardamit
    Attached Files Attached Files

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