Monthly Rent

R Case
R Case
0 Thanks
38 Posts
15 years ago
If you are charging rent monthly then it should be 1/12 of the annual amount. If it is weekly it should be 1/52 of the weekly amount.

ie to convert monthly rent to weekly multiply the monthly rent by 12 and then divide by 52.

I would rely on the local letting market to dictate the rent and not a mortgage estimate. Either get two agents to assess, look at the Local Housing Allowance website or one of the property search sites.

If you are new and inexperienced I would recomend that you use an agent as there are numberous legal matters (tenancy deposit, gas certificates etc) that will need to be sorted out

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