Definitions for "Net Rental Income"
Payments received from the rental of room(s), apartment(s), house(s), or any other real estate, after operating expenses are deducted.
is the rental income receivable in the period after payment of ground rents and net property outgoings. Net rental income will differ from annualised net rents and passing rent due to the effects of income from backdated rent reviews, UITF 28 operating lease incentives and net property outgoings.
To calculate your net rental income, take your monthly rental income and multiply by 75%. Subtract your monthly mortgage payment from this number to determine your net rental income.