Adjustment Method: Representative List of Rents
Use
Adjustment of selected condition types based on a representative list of rents (specific to Germany).
Prerequisites
A valid representative list of rents has been defined in Customizing for Real Estate.
Representative list is assigned to a business entity.
Lease-outs have the intended adjustment type for the adjustment method (setting in Customizing for Real Estate).
You have assigned rental units to an external usage type that makes the adjustment method possible.
The system only adjusts conditions that are permitted for this adjustment procedure (Customizing settings).
The selected condition type is assigned to a lease-out.
Integration
Control mechanism for the rent adjustment using the representative list of rents
Business entities |
Buildings |
Rental units |
Lease-outs |
Adjustment run |
Representative list of rents |
ConstYr |
External usage type Percentage rate of increase Fixtures and fittings category/size classes Fixture and fittings characteristics Modernization date Condition type appreciation surcharge |
Adjustment type Condition type appreciation surcharge Adjustment block per condition type |
Take into account percentage rate of increase? Take into account appreciation surcharge? Adjust only for increase? Adjustment of conditions on lease-outs and/or rental units? Adjustment of valid conditions only in the future? Generate (assign) new condition types on lease-outs and/or rental units during adjustment? Also adjust non-active lease-outs, i.e. lease-outs without system status ACTV? |
Features
Representative list of rents
Different representative lists of rents can be defined in the system. The representative list takes into account the following parameters:
Building age classes
Location classes
Surcharge/reduction classes
Size classes
Fixtures and fittings category
The values tables can either be filled on the basis of a points system or with fixed amounts.
You can define individual calculation bases in Customizing using a representative list of rents control table to calculate the adjustment amounts (see relevant documentation in Customizing).
Simulation/calculation
Simulation/calculation of the rent is carried out per selected condition type for the required lease-outs and takes the following into account:
A percentage rate of increase - as an option ( Overview Table: Taking Account of Percentage Rate of Increase in Rent Adjustments ).
The settings defined in Real Estate Customizing on chargeable rent adjustments ( Overview Table: System Settings for Adjustment Methods ).
Adjustment objects
You can choose how the adjustment is updated:
Only for lease-outs
Only for rental units
For both lease-outs and rental units
Examples: Different Adjustment Objects
Activate
You have to activate the adjustment run so that calculated adjustments are updated on the respective lease-outs or rental units as valid condition items.
When activating, you have to specify per agreement:
Date of tenant approval
Date from which the adjustment is valid
Date from which, in the case of retroactive condition changes, subsequent payments can be posted to the tenant account
If a credit note has to be issued due to retroactive condition changes. The system automatically copies the due date of the original transaction.
Comparison procedure
The adjustment can also be carried out by comparing the adjustment procedure applied for comparative apartments ( Method Comparison: Representative List of Rents versus Comparative Apartment ).