Question: what is the difference between cost rent and notional rent?
Answer: Notional Rent / Cost Rent / Rent Reimbursement. ... If the Partners own the building outright, it is 'notional rent' If there is a mortgage, it is known as 'cost rent' or 'BCR' (borrowing cost reimbursement) If they are tenants in an NHS property, they can get 'leasehold cost reimbursements'