The “Mietspiegel“, German for rent index, provides an overview of the local reference rent in one or more municipalities. The rent index derives itself exclusively from privately constructed apartments. The rent index is jointly authored by municipalities and city administrations, who cooperate with owner associations and tenant associations for this purpose. The index is a means to justify rent increases. As there is no legal obligation for rent indexes, not all municipalities provide issues. If a municipality decides to publish a rent index, however, it is legally required to update it regularly.
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.”
We hope you enjoy our encyclopaedia!