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 Rent Adjustment: The Netherlands - Representative Lists of Rents in Points

Use

Adjustment of selected condition types according to Dutch law.

Integration

Control mechanism for the rent adjustment using the representative list of rents in points

Business entity

Rental unit

Lease out

Adjustment run

Representative list of rents in points

Location (if adjustment is according to location dependent criteria. Special calculation method 01 -> defined in the Customizing)

External usage type

Number of points (each according to setting in the Real Estate Customizing)

Fixtures and fittings category of the representative list of rents

Percentage rate of increase

Condition type appreciation value surcharge

Adjustment type

Adjustment block per condition type

Take into account percentage rate of increase?

Take into account appreciation value 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 ACTIVE?

Prerequisites

  • Valid representative list of representative list of rents in points is determined in Real Estate Customizing.

  • Representative list of rents in points is assigned to a business entity.

  • Lease outs have the intended adjustment type for the adjustment method (setting in the Real Estate Customizing).

  • You have assigned rental units to an external usage type that enables the adjustment method.

Features

Representative list of rents

Different representative lists of rents can be defined in the system. The values tables can either be filled on the basis of a points system or with fixed amounts.

Simulation/calculation

The simulation/calculation of the rent is carried out per selected condition type for the selected lease outs.

Adjustment objects

You can choose how the adjustment is updated:

  • Only for lease outs

  • Only for rental units

  • For lease outs and rental units

Activating

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.