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what does pcm mean?

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1sttimerenter

Tuesday 26 October 2010 5:04:51 pm

i am looking for flats to rent and I keep seeing pcm after the price of the flat.

£400 pcm? What does pcm mean? Does it mean it includes bills?

ben

Moderated by: Administrator TenantsTips

Tuesday 26 October 2010 8:18:29 pm

pcm = stands for per calender month.

Per calender month means that the same amount of rent is charged on the same day each month. For example, your rent is due on 15th of each month every month regardless of the number of weeks in that month. The rent payment would also be the same each month and would not vary due to the number of weeks in that month.

In an example you woud pay £400 on the 15th of each month.

It is best to pay your rent monthly and not weekly. If it were to be charged weekly, because some months have five weeks you would pay significantly more in that month. Over the rental period paying a weekly rent works out to be more. So its best to pay your rent monthly that way its easier to budget.

ben

Moderated by: Administrator TenantsTips

Tuesday 26 October 2010 8:19:24 pm

Oh, I forgot to add. PCM has nothing to do with bills.



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