Current rents represent rent payments on unexpired lease contracts. Conversely, rents on new leases represent rent payments agreed upon whenever a new lease contract is signed. In either case, the rent rate is quoted as net rent, with service charges and heating costs yet to be added. Since current rents account for the majority of the rental market, they serve as indicator for the average amount that households tend to spend on rent.
Both current rents and rents on new leases enter into the calculation of the local reference rent. Municipalities that publish a rent table will include the local reference rent in the same.
Whether Prior to an Acquisition...
Even ahead of an acquisition, the Accentro Real Estate Encyclopaedia offers interesting facts and decision guidance: We will coach you through the first steps on your path to homeownership. For instance, it provides information on the process flow of a condominium purchase. It will also tell you what sort of documents you need in order to buy property, and where to obtain them.
... or after – Our Real Estate Encyclopaedia Provides the Answers You Need
Once you have bought a property, you may wonder who is going to manage your condo and how. After all, caretaking your property is one of your main obligations as a condominium owner. In addition to numerous tips and suggestions, you will find answers here to many questions involving the property management subject, such as: What does “individual freehold ownership” mean? What exactly do “condominium regulations” govern? And what does the term “condominium fee” imply? In addition, we elaborate subtle differences between terms such as “real estate management” and “corporate real estate management.”
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