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Calculating interest on unpaid rent


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Hi I am new to the forum and am looking for a little help.

 

I have a tenant who has basically stopped paying her rent.

After some abortive attempts to evict her I am nearly there but she has run up over £1000

in unpaid rent.

Can someone advise how I calculate interest on this unpaid debt as it is increasing every month so there is no specific date that the debt is incurred.

The only way I can think of is to treat each monthly payment as a separate debt and

add up the interest charges individually.

Will money claim online accept this as I don't want to jeopardize the claim by calimng the interest incorrectly.

 

Many thanks

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Hi I am new to the forum and am looking for a little help.

 

I have a tenant who has basically stopped paying her rent.

After some abortive attempts to evict her I am nearly there but she has run up over £1000

in unpaid rent.

Can someone advise how I calculate interest on this unpaid debt as it is increasing every month so there is no specific date that the debt is incurred.

The only way I can think of is to treat each monthly payment as a separate debt and

add up the interest charges individually.

Will money claim online accept this as I don't want to jeopardize the claim by calimng the interest incorrectly.

 

 

The County Court Rate is set at 8% per annum on the amount claimed.

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