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How do you calculate annual rent?

How to calculate total rent?

  • Hi Just took out a 12 month lease and my rent is £310 Per Calendar Month (PCM) I'm confused over the whole 48/52 weeks business as some people incorrectly times their weekly by 4 for the number of weeks. I would like to know the total annual cost of the rent from the start to the end of the tenancy and the weekly cost too Thanks

  • Answer:

    Per Calender Month so one would assume 12 equal payments per year £310 x 12 = £3720 £3720 / 52 = £71.54 If they are quoting PCM and not actually charging as such, well, the only way to say for sure is to ask them

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There is no weekly cost. The annual cost is 12 x £310, so £3720. The weekly equivalent is £71.34 but it has no legal meaning on a monthly tenancy. Don't forget a month is usually longer than 4 weeks. EDIT: and a year is longer than 52 weeks.

Dave - landlord unmasked

It's 310 per calendar month. There are 12 calendar months in a year. Therefore, your annual rent is 310 x 12. If you want to know the weekly cost, divide that number by 52. The number 48 has nothing to do with any part of these calculations.

rtfm

Yearly rent = ((electricityPCM + waterPCM + gasPCM + 310) x 12) + council tax Weekly rent = Yearly rent / 52

litterbug_kid

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