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Single-Double rent ratio? Help please!

 
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Daze



Joined: 12 Jun 2008
Posts: 1

PostPosted: Thu Jun 12, 2008 2:50 pm    Post subject: Single-Double rent ratio? Help please! Reply with quote

Could anyone tell me the usual way to divide rent when there are different sized bedrooms in a shared house?

We have one very large double, one good double and one that is basically single (but will have a double crammed in).

We want to adjust the rent accordingly, to make it fairer for the person in the smallest room.

Thanks for any info!
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QMS
 
 


Joined: 28 Feb 2006
Posts: 2420
Location: Westminster (when at work)

PostPosted: Thu Jun 12, 2008 3:26 pm    Post subject: Re: Single-Double rent ratio? Help please! Reply with quote

Daze wrote:
Could anyone tell me the usual way to divide rent when there are different sized bedrooms in a shared house?

We have one very large double, one good double and one that is basically single (but will have a double crammed in).

We want to adjust the rent accordingly, to make it fairer for the person in the smallest room.

Thanks for any info!


When I used to share a house, we had 4 bedrooms - 3 were large and around the same size, and were £400pcm. There was also a small one (cupboard sized!) which was £350pcm. No-one seemed to think that was unfair.
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Cov
 
 


Joined: 03 Aug 2007
Posts: 2164
Location: London

PostPosted: Thu Jun 12, 2008 11:01 pm    Post subject: Reply with quote

A fair way would be to measure the sizes of the rooms ...

Room 1) a x b = c ... example: 2m x 4m = 8m2
Room 2) a x b = d ... example: 2m x 3.50m = 7m2
Room 3) a x b = e ... example: 2m x 3m = 6m2

(m2 = square meters)

c + d + e = f ... example: 8 + 7 + 6 = 21m2

f = the total suqare meters of all three rooms.

Now divide the cost for the whole flat by the number of square meters ... resulting in the cost per one single square meter.

example: £1000.- (per month) divided by 21m2 = £47.6 per m2

Last step: multiply the square meters per room by the cost per m2:

Rent for room 1:
a = 6m2
£47.6 x 6 = £285.6

You can't make it any fairer than that.

PS: of course you should vary the cost slightly up / downwards for any advantages / disadvantages next to this calculation.
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Cov
 
 


Joined: 03 Aug 2007
Posts: 2164
Location: London

PostPosted: Thu Jun 12, 2008 11:10 pm    Post subject: Reply with quote

Sorry, little correction ...

Rent for room 1:
c = 8m2
£47.6 x 8 = £380.80

This calculation is based on examples.
I presumed that the rent of £1000 would be per month and that all bills are included.
In order to get to the sum per week, the £380.80 in our example would have to be multiplied by 12 = £4569.60 (per year) and devided by 52 = £87.88 per week.
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montyzuma
Community Moderator


Joined: 25 Jul 2007
Posts: 2224

PostPosted: Fri Jun 13, 2008 7:18 am    Post subject: Reply with quote

we rent out rooms and its the same rate for each room. as people leave guys move to the bigger rooms. Haven't had any complaints so far.
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QMS
 
 


Joined: 28 Feb 2006
Posts: 2420
Location: Westminster (when at work)

PostPosted: Fri Jun 13, 2008 10:14 am    Post subject: Reply with quote

montyzuma wrote:
we rent out rooms and its the same rate for each room. as people leave guys move to the bigger rooms. Haven't had any complaints so far.


I do like that idea actually... it encourages loyalty as if you stick around for a bit, you move up the food chain.
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