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 Rent Adjustment: Austria

Use

Adjustment of selected condition types according to the Austrian adjustment method which is based on a combination of the adjustment methods, graduated rent and index-linked rent .

Prerequisites

  • You set valid index levels in the Real Estate Customizing.

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

  • You have assigned rental units to an external usage type that enables the adjustment method (setting in the Real Estate Customizing).

Integration

Controlling mechanism for the adjustment according to Austrian methods

Rental unit

Lease out

Adjustment run index-linked rent adjustment

External usage type

Primary adjustment type for graduated rent

Secondary adjustment type for the index-linked rent adjustment

Basis for calculating graduated rent and index-linked rent (index series, base year, adjustment frequency, start of the first adjustment, percentage rate of passed-on index clauses as well as specification, as of which amount of index change is to be adjusted)

Adjustment block per condition type

Adjustment of valid conditions only in the future ( subsequent conditions )?

Adjustment of conditions on lease outs and/or rental units?

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?

Activating

  1. You set the graduation on a graduated lease out

  2. You have to start an index-linked rent adjustment for each condition type starting from the date from which the new graduation is valid.