Frequently Asked Questions
Why is my rent charge more than 4 weeks?
I was paying rent weekly and have been transferred to monthly payments. My rental payment amount is not correct.
Typical calendar months are almost all longer than 4 weeks. Because of this, monthly rent is calculated in the following way.
Weekly rent divided by 7 to get daily rent (Weekly rent / 7 = Daily rent)
Daily rent multiplied by 365 to get yearly rent (Daily rent X 365 = Yearly rent)
Yearly rent divided by 12 to get monthly rent (Yearly rent / 12 = Monthly rent)
Don’t worry, your rent didn’t just go up, you are still paying the same amount just over a calendar month!
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