Q:

What does PCM mean when renting a flat?

A:

Quick Answer

According to Cambridge Dictionaries Online, PCM refers to the payment agreement: per calendar month. The agreed upon rent is paid each month regardless of the number of days within that month.

  Know More

Full Answer

Red Residential's Guides to Renting explains this calculation more fully. Rent is often listed as a rate per week. Red Residential calculates the PCM rate by multiplying the weekly rent by 52 and dividing by 12. When a rental contract that identifies the rent to be paid per calendar month is drafted, the tenant owes the stated amount each month. Red Residential assures that tenants paying weekly or monthly pay the same amount over a six or 12-month contract.

Learn more about Finding a Home

Related Questions

  • Q:

    What do flat fingernails mean?

    A:

    According to Dr. Standley, flat nails can indicate Raynaud's Disease, a condition characterized by cold fingers and toes. Flat nails can also be caused by an iron, protein or vitamin B12 deficiency, psoriasis or diabetes.

    Full Answer >
    Filed Under:
  • Q:

    What is PCM audio?

    A:

    PCM audio signals are digital audio signals that have been converted from standard audio waves with minimal compression. This type of audio technology is most commonly used on digital audio formats, such as CDs and audio DVDs. PCM audio signals are converted to analog form when played through loudspeakers.

    Full Answer >
    Filed Under:
  • Q:

    How do you write a payment agreement?

    A:

    A payment agreement is a contract between two individuals that stipulates the terms and conditions of a loan. It's used by people who borrow or lend money or those who wish to create terms for a debt already incurred, according to Rocket Lawyer Inc.

    Full Answer >
    Filed Under:
  • Q:

    How do you create a payment agreement form?

    A:

    To create a payment agreement, include the current date, the amount of money involved, the terms of the repayment and the personal signatures of the lender and borrower. It is wise to have witnesses present as well.

    Full Answer >
    Filed Under:

Explore