— Glossary

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  3. Core Rent

Core Rent

Non-legal words

The part of a charge for accommodation that relates purely to the provision of the room/flat/house rather than the provision of services in the accommodation. The landlord typically uses the core rent to meet the following costs:

  • Mortgage payments
  • Lease charges to a superior landlord
  • HMO Council Tax
  • Building insurance
  • Normal management and maintenance (as distinct from additional management, for which a service charge is usually made)