In realt estate what does pcm mean?

Question

Im looking to rent in london, and often it says 420 pounds, pcm. what does this mean?

Answer 1

per calender month?

Answer 2

It means that the rent you will pay is worked out per calendar month, and not on a weekly or monthly basis, so you would pay on the 1st. of every month.(or the same date each month). If you moved in on the 5th of the month (say July which has 31 days) then your rent for that month would be for 27days only. The same when you move out. If you left on the 5th you would pay for 5 days. You may also find you will have to pay a months rent which will be held as a damage deposit and the same again for utilities.