Rent Calculation Formula:
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The rent by room size calculation distributes the total rent of a property proportionally based on the square meterage of each room. This method provides a fair way to divide rent when rooms are different sizes.
The calculator uses the following formula:
Where:
Explanation: The formula calculates what percentage of the total space the room occupies, then applies that percentage to the total rent.
Details: Calculating rent by room size ensures fairness when rooms are unequal in size. This method is particularly useful for shared apartments or rental properties with differently sized bedrooms.
Tips: Enter the total rent for the property, the size of the room in square meters, and the total property size in square meters. All values must be positive numbers.
Q1: Should common areas be included in the calculation?
A: Typically, common areas are divided equally among all roommates, while private spaces (bedrooms) are calculated by size.
Q2: What if rooms have different amenities?
A: You may need to adjust the calculation for rooms with special features (private bathrooms, better views) by adding a premium factor.
Q3: How precise should measurements be?
A: For fairness, measure to the nearest 0.1 m². Include closets but exclude common areas in room measurements.
Q4: Does this work for commercial spaces?
A: Yes, the same principle applies to office spaces or retail units in shared buildings.
Q5: What if utilities are included?
A: You might want to split utilities equally while applying the size calculation only to the base rent.