Rent Charge Calculator

Calculate Rent Charge

Formula

The formula to calculate the Rent Charge is:

\[ RC = HV \times 0.01 \]

Where:

What is Rent Charge?

Rent Charge is the monthly rent payment based on the market value of the home. It is typically calculated as a percentage of the home market value. This helps in determining a fair rental price based on the value of the property.

Example Calculation

Let's assume the following value:

Using the formula:

\[ RC = 300,000 \times 0.01 = 3,000 \text{ \$/month} \]

The Rent Charge is \$3,000 per month.