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Example Letting Schedule

EXAMPLE LETTING INCOME SCHEDULE

Property: 35 Limetree Grove, Cambridge

 
Rental Income for the Year    
ended 5th April 19... ...... £ 4500

EXPENDITURE:

 
Water and Other Rates £ 210 £ 210
  _________ _________
Rents (net of rates) ...... £ 4290
Insurance £ 190 ......
Repairs & Maintenance £ 310 ......
Motor Expenses £ 20 ......
Cleaning Materials £ 10 ......
Sundry Expenses (phone, post etc) £ 20 ......
Gardener's Wages £ 50 ......
Other ..(Carpet Cleaning) £ 80 ......
..................................... £......... ......
..................................... £......... ......
Management Fees £ 500 ......
Accountancy Fees £ 50 ......
Wear & Tear   ......
(allow 10% of rents net of rates) £ 429 £ 1659

 


 
Net Rents ...... £ 2631
LESS Interest paid £ 1800 ......
on mortgage/loan ...... ......

 


 
TAXABLE INCOME ...... £ 831