Enter the property value ($) and the ownership share (%) into the calculator to determine the Shared Ownership Rent.
Shared Ownership Rent Formula
The following formula is used to calculate the Shared Ownership Rent.
SOR = V*.03*OS/100
- Where SOR is the Shared Ownership Rent ($/year)
- V is the property value ($)
- OS is the ownership share (%)
How to Calculate Shared Ownership Rent?
The following example problems outline how to calculate Shared Ownership Rent.
Example Problem #1:
- First, determine the property value ($). In this example, the property value ($) is given as 150000.
- Next, determine the ownership share (%). For this problem, the ownership share (%) is given as 30.
- Finally, calculate the Shared Ownership Rent using the equation above:
SOR = V*.03*OS/100
The values given above are inserted into the equation below:
SOR = 150000*.03*30/100 = 1,350 ($/year)
Example Problem #2:
The variables needed for this problem are provided below:
property value ($) = 250000
ownership share (%) = 75
Entering these values and solving gives:
SOR = 250000*.03*75/100 = 5,625 ($/year)
