Rent question if paid fortnightly?

greatcrested

Kev27 said:

davidmcn said:

Kev27 said:

davidmcn said:

Kev27 said:

Hi if my Rent was £390 Per Calendar Month can anyone tell me how much i would pay if i paid fortnightly?

Many Thanks

(£390 x 12) / 26 = £180. Or thereabouts.

Thank you Dave!

When you say "Or thereabouts" do you think you would be able to give me the exact amount please?

No, because there are several different ways one might apportion it depending on how you want to deal with calendar months of differing lengths, leap days etc, though really the differences are in pennies. It's £4680 a year if you want to work back from that. If this is something you're negotiating with your landlord then it's whatever you agree with them.

Well long story short my Rent is currently £368 and i pay £170 a fortnightly via bank transfer but ive had a Call to say it is increasing to £390 which im not totally cool with as there are some issues with damp, but just trying to work out whether its worth staying or looking for somewhere else.

Rent payment, and repairing issues (the damp) are unrelated. Do not include one when making decisions about the other. Deal with them separately.

Yes, there are various ways (as posts above show) to do the maths, but the bottom line is that at the start of each calender month (I assume rent is due in advance?) you need to have paid (at least) £368. If you have paid less than this, you will be in rent arrears. It does not matter that over the course of, say, a year, you average out to have paid the annual rent required.

Your rent is £368 pcm so at the start of each calender month, £368 must have ben paid.

The only way this can be changed is by agreement with the landlord. So if the LL agrees to accept the monthly rent in two, fortnightly, payments of £X then that's fine. Get it confirmed in writing though!

As for the increase in rent from £368 to £390,

* are you in a fixed term contract?

* are you a tenant or a lodger?

* what does your contract say about rent increases?

* have you received a S13 Notice (if applicable)?

csgohan4

Question is, what the does LL say about being paid 2 weekly?

AdrianC

Kev27 said:

AdrianC said:

Kev27 said:
When you say "Or thereabouts" do you think you would be able to give me the exact amount please?

It's not exactly complicated maths. You have a calculator. You know how many days, weeks and months there are in a year.

Maths isn't my strong point unfortunately, hence why im asking here. 

This is basic primary school numeracy.

There are 12 months in a year. If you pay £390 per month, 12 x £390 = £4,680 per year.
There are 52 weeks* in a year. If you pay £4,680 per year, that's £4,680 / 52 = £90 per week x 2 = £180 per fortnight.

52 x 7 = 364, but for budgetary purposes this is close enough. If your contract says £390 per month, then you need to pay £390 per month, no matter how you choose to break those payments up for your convenience.