Calculating Interest
Rent Arrears

Tom_204
Tom_204
0 Thanks
31 Posts
13 years ago
0
The tenancy agreement issued to a tenant of mine stipulates that any default in payment of rent will incur interest at a rate of 3% above the standard RBS base rate. Please could someone explain how I can obatin the interest rate that applies, & how do I calculate the interest to add to the outstanding amount. My tenant owes me over 2 months rent, has left their furniture at my property until they had another property to move into (over 6 weeks later) & is now demanding the return of their furniture. Can I charge for storage & if so what is considered a reasonable charge.

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