Rent Adjustment: Switzerland
Use
Adjustment of selected condition types according to Swiss law.
The system supports the following adjustment methods based on Swiss law:
Absolute factors
Standard local rent
Gross yield not breaking even
Relative factors
Increase rate not cleared
Change to mortgage loan rates
Cost-of-living and operating costs increase rate not cleared
Rent reserve
Depending on the default settings, the system calculates the corresponding rent reserve during an adjustment run.
Prerequisites
Valid indices are determined in Real Estate Customizing
Swiss law has been assigned to the business entity
Lease outs of the business entity have the intended adjustment type for the adjustment method (standard 6 country specific ). (Setting in the Real Estate Customizing).
Rental units are assigned to an external usage type that enables the adjustment method (setting in the Real Estate Customizing).
Integration
Business entity |
Rental unit |
Lease out |
Adjustment run |
Swiss tenancy law Location (for adjustment with relative factors) |
External usage type Additional Data Rent Adjustment Switzerland Condition types for the standard local rent and for the reserve from comprehensive improvement/renovation investment |
Adjustment type Adjustment block per condition type |
See Swiss specifications: Simulate/calculate rental adjustment |
Features
Index levels
The following index levels relevant for rent adjustments can be determined:
Price increase indexes
Reference mortgage loan rate and adjustment rates
Simulation/calculation
Simulation/calculation of the rent is carried out per selected condition type for the required lease outs or 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 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.