What does PCM mean in real estate?

£250 PCM. what does it mean?

Answer:
Per calender month. It means that whatever is due and you say £250. will be due on the same date of the month say the 15th everymonth regardless of how short of long that month is.
£250 per calendar month - a rental cost/standing charge
Per Calender month
per calendar month
Per Calendar Month.
Per Calendar Month.

Actually, when you see advertised a flat for rent it will show per week, for example £200.
But as months are made of different amount of days in which you cannot fit full weeks, you have to do the following calculation:

For example: £200 x 52 (52 weeks per year) and divided per 12 (12 months) then you have the result of the PCM rent which
is: £866.66

I hope its help.
Per Calendar Month
per calendar month

The answers post by the user, for information only, BAnswer.com does not guarantee the right.

Other Questions and Answers:
  • I am looking for some land, no more than an acre in Texas?
  • How can a foreigner buy a house or any kind of properties in France?
  • What are male's looking for in buying a new house?
  • How do I buy a house with only fair to poor credit?
  • Has anyone sold real estate and carried a mortgage for the buyer?
  • I'm thinking about getting an equity line of credit but I'm afraid because I'm not sure exactly how it works
  • if your light bill is $500 bucks and you dont have it what do you do?
  • Realtors, what is basic guidelines for advertising a property that you have listed?