How Is My Rent Calculated?
Professional Tenants
For professional tenancies, rent must be paid in advance before keys are released.
Your first rent payment is due on the start date of your tenancy and will be payable monthly thereafter.
Your holding fee will be deducted from your first rent payment.
Student Tenants
For student tenancies, rent must be paid in advance before keys are released.
Your first rent payment is due on the start date of your tenancy and will be payable monthly thereafter.
Full details of rent amounts and due dates can be found in the rent breakdown provided at the start of the tenancy.
Understanding Rent Calculations
Whether you’re a student or professional tenant, understanding how rent is calculated can make budgeting easier.
Converting Monthly Rent to Weekly Rent
To calculate weekly rent from a monthly amount:
- Start with your monthly rent (e.g., £800).
- Multiply by 12 (months in a year).
- Divide by 52 (weeks in a year).
Example:
£800 × 12 ÷ 52 ≈ £184.62 per week
Formula:
Monthly Rent × 12 ÷ 52 ≈ Weekly Rent
Converting Weekly Rent to Monthly Rent
To calculate monthly rent from a weekly amount:
- Start with your weekly rent (e.g., £184.61).
- Multiply by 52 (weeks in a year).
- Divide by 12 (months in a year).
Example:
£184.61 × 52 ÷ 12 ≈ £800 per month
Formula:
Weekly Rent × 52 ÷ 12 ≈ Monthly Rent
Calculating Daily Rent
To calculate daily rent for more precise budgeting:
- Start with your monthly rent (e.g., £800).
- Multiply by 12 (months in a year).
- Divide by 365 (days in a year).
Example:
£800 × 12 ÷ 365 ≈ £26.30 per day
Formula:
Monthly Rent × 12 ÷ 365 ≈ Daily Rent
By understanding these calculations, you can better plan and manage your rental payments throughout your tenancy.
