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Old 27-06-2006, 09:37   #3
jambutty
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Talking Re: Fair Property Rent.

You could consider a weekly rent over ten years that equates to what you paid for the property and its contents or its current value. For example if the property has a value or cost you £52,000 the weekly rent would be £52,000 divided by 520 – that is £100 per week. Or you make the same calculation for a 15 years period to end up with £66.67 per week.

Or if you have taken out a 10 years mortgage to buy the property then divide the mortgage by 520 (ten years). For a 15 years mortgage then divided by 780.

Or you could try and find out what the council or a housing association charges for a similar property and then add something because it is furnished.

Over and above all that you would have to add something to cover the cost of any repairs and annual maintenance.
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