How do I calculate my monthly rent?

If you have a weekly rent and wish to make your payments monthly then there is a formula we use to do this calculation.

We multiply the weekly rent by the number of weeks in a year. This gives us the annual rent. We divide the annual rent into 12 months which gives us the calendar monthly amount.

A working example of this is as follows

Weekly rent     no of weeks in a year        divide by number of months    = monthly amount

£189 X                       52                                            /12                               =    £819.00

Remember your rent is always due in advance so should you wish to pay monthly then your rent must be paid monthly in advance.