The figure we use for monthly rent is the weekly charge multiplied by the 48 chargeable weeks of the year, shared over 12 monthly payments. There are 4 rent free weeks in a year.

For instance, if weekly rent is £100:

•£100 x 48 weeks is£4,800

•£4,800 ÷ 12 months is £400.00 per month

If you have any arrears, these will be added into your first few instalments.

However, 365 days in a year does not divide exactly into an even number of weeks (there are actually 52.14 weeks in one year) so every five or six years you will see there are 53 weeks in the rent year. This means that instead of multiplying by 48 and dividing by 12, we multiply by 49 and divide by 12. This will be the case from April 2024.

Your rent and service charge is applied to your account on a weekly basis, so your balance will also change weekly.

‍