There are a number of tenants that are currently paying rent on a monthly basis.
However when calculating your monthly amount did you know that you should not multiply the weekly rent by four weeks as this will only account for 48 weeks of the year.
To ensure that you pay for all 52 weeks of the year, the correct way to calculate your monthly rent is as follows:
Current weekly rent = £105 (for example)
Multiply this amount by 52 weeks = £5460
Then divide this amount by 12 months = £455 per calendar month
We spend a lot of time explaining to tenants that they are underpaying over the whole 12 months, so to avoid this in the future please calculate your monthly payment as shown above using your current weekly rent amount.
Please also note that if you are paying your rent on a monthly basis, that unless your account is paid one month in advance your account will go into arrears for some part of the month and you will most likely still receive a rent arrears letter. This is because we charge rent on a weekly basis and this should always be paid in advance.
If you are in arrears
If you have fallen into arrears because of late rent payments then we can help.
An income management officer can create a personalised payment plan for you with which you pay a little extra each month and over time you will clear the arrears and be paying your rent in advance.
This will mean:
You will also be entered into our twice yearly 'rent account in credit' prize draw. Where you could win £100.
To arrange a payment plan contact your income management officer or by contact our Income Management Team direct: