Room Rent Formula:
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The Room Rent Calculator helps roommates in London fairly divide rent based on room size, quality, and London-specific adjustments. It uses a weighted system to ensure equitable distribution of housing costs.
The calculator uses the following equation:
Where:
Explanation: The equation distributes rent proportionally based on room value, with an additional adjustment for London's unique rental market.
Details: Accurate room rent calculation prevents disputes among roommates by objectively assigning costs based on space value. This is especially important in London where rents are high and space is at a premium.
Tips:
Q1: How do we determine room weights?
A: Weights should reflect room value - consider square footage, windows, closet space, en-suite bathroom, noise levels, etc.
Q2: What's a typical London adjustment factor?
A: Central London locations typically use 1.2-1.3, while outer boroughs might use 1.1-1.2.
Q3: Should common areas be included in weights?
A: No, this calculator focuses on private spaces. Common areas are equally shared.
Q4: How often should we recalculate?
A: Recalculate whenever room assignments change or at lease renewal.
Q5: What if one room is significantly better?
A: The weight system accounts for this - better rooms should have proportionally higher weights.