rata

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Pro rata is an adverb or adjective, meaning in proportion. The term is used in many legal and economic contexts. It is sometimes spelled pro-rata, but this is technically a misspelling of the Latin phrase. In North American English this term has been vernacularized to prorated.

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    VIC Lease break fees VIC

    Hi, I have found myself in the situation that I have had to break a fixed term lease. My lease agreement states: "Pay to the managing agent a pro rata leasing fee, plus all advertising incurred." On the Notice to vacate form I signed it states: "make the request on the basis that we will be...
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