MRAssociates — Glossary

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)