Shared Ownership Rent Calculator

Shared Ownership Rent Calculator calculator can be used to calculate the monthly rent for a shared ownership property based on the tenant's ownership percentage and other financial details.

Input Parameters

Calculation Results

Calculation Formula

Monthly Rent = (Ownership Percentage / 100) * Annual Rent + Service Charge

Where:
Ownership Percentage: The percentage of the property owned by the tenant.
Annual Rent: The annual rent charged by the landlord for the tenant's share of the property.
Service Charge: Additional charges for property maintenance and management.

Results

Monthly Rent (£):

0.00

Shared Ownership Rent Calculator Calculator Usage Guide

Learn how to use the Shared Ownership Rent Calculator calculator and its working principles

How to Use the Calculator

  1. Enter the Property Value in pounds (£).
  2. Enter the Ownership Percentage of the property owned by the tenant (e.g., 50 for 50%).
  3. Enter the Annual Rent charged by the landlord for the tenant's share of the property.
  4. Enter the Service Charge for property maintenance and management.
  5. Click the Calculate button to see the monthly rent.

Understanding the Formula

The calculator uses the following formula to determine the monthly rent:

Monthly Rent = (Ownership Percentage / 100) * Annual Rent + Service Charge

This formula ensures that the rent reflects the tenant's share of the property and includes additional charges for services.

Example

If a property is valued at £300,000, the tenant owns 50% of the property, the annual rent for the tenant's share is £12,000, and the service charge is £300 per month, the calculator will determine the monthly rent as follows:

Monthly Rent = (50 / 100) * £12,000 + £300 = £6,300 + £300 = £6,600