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Webinar slides for international investors in the Berlin Property Market.
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How to Apply The Berlin Rent
Table 2013A Step by Step Guide
Falkenberg SolutionsReal Estate Consultants
©
How to Apply The Berlin Rent Table 2013
2Falkenberg SolutionsReal Estate Consultants
©
• Purpose: Adaptation of rents to market developments
(Rule: “Evergreen” contracts)
• Existing rental contracts only
• Other rules apply (e.g. not more than 15% in 3 years)
1. Introduction
How to Apply The Berlin Rent Table 2013
3Falkenberg SolutionsReal Estate Consultants
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• One possible way to raise rents in existing
residential contracts.
• Recognized by representatives of landlords
and tenants
2. Legal Background
How to Apply The Berlin Rent Table 2013
4Falkenberg SolutionsReal Estate Consultants
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• Not 1 or 2 family homes or terraced buildings
• Differentiated for ex West‐ and East Berlin districts
3. Where does it apply?
How to Apply The Berlin Rent Table 2013
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• Legally binding
• Transparency tool
4. Qualified Rent Table
How to Apply The Berlin Rent Table 2013
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• Not heating and waterheating cost
• No utility charges (cleaning, insurance, property tax etc.)
• No surcharges for furniture and sub‐tenants
• No surcharges for commercial use
5. What is Net Rent or what is it not??
How to Apply The Berlin Rent Table 2013
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6.1 All rented apartments excl. 1 and 2 family homes
and terraced houses.
6.2 Size measured by regulated standards
6.3 Features (central heating, bathroom etc.)
6.4 Year of completion (roof top developments!)
6.5 Location according to official list
6. Format of the Rent TableMain Categories
How to Apply The Berlin Rent Table 2013
8Falkenberg SolutionsReal Estate Consultants
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• “Einfache Wohnlage” | basic living environment
• “Mittlere Wohnlage” | medium quality
• “Gute Wohnlage” | good address
• Determined by the majority of quality factors
in a neighbourhood
7. Quality Definitions in the Rent Table
How to Apply The Berlin Rent Table 2013
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7. Map of Quality Zones
How to Apply The Berlin Rent Table 2013
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• Determine size, features and year of completion
• Determine Quality Zone
• Find the corresponding box in the rent table
• Value range and average
8. Step by Step Process
How to Apply The Berlin Rent Table 2013
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9. The Berlin Rent Table 2013
How to Apply The Berlin Rent Table 2013
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• Floor
• Kitchen
• Separate shower
• Bathroom
• Souterrain
10. Table of special features
How to Apply The Berlin Rent Table 2013
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• Table of extra features and characteristics• Bathroom• Kitchen• General features of the apartment• Features of the building• Features of the surrondings
• Energy efficiency
11. Orientation for Determination of therent within the rent range
How to Apply The Berlin Rent Table 2013
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• Grading given in the street catalogue for individualbuildings but not locations within the building
12. Traffic noise level
How to Apply The Berlin Rent Table 2013
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• Grading given in the street catalogue for individualbuildings but not locations within the building.
• Addendum for average Utility Charges
12. Traffic noise level
How to Apply The Berlin Rent Table 2013
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http://www.stadtentwicklung.berlin.de/wohnen/mietspiegel/index.shtml
How to Apply The Berlin Rent Table 2013
17Falkenberg SolutionsReal Estate Consultants
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• Owner of Falkenberg Solutions ‐ Real Estate Consultants bringing the full breadth of asset management, property management, and facilities management expertise to assignments in Germany. The client base is a mix of German and international owners and investors in property portfolios.
• Extensive background in real estate development and management as well as business experience through running own businesses for over 15 years. Successful completion of major projects, such as shopping centres, office schemes and residential developments at partner level. Vast experience at management level on an international basis. Commercial and Public Sector knowledge and expertise, allows successful delivery of services to meet Client expectations.
• Specialties: Consultancy in Real Estate Investment and Operation. Facilities Management Strategies, Property Management Consultancy, Development of tayloredService Level Agreements and Key Performance Indicators.
Websites: www.berlin‐portfolio.comhttp://germanproperties.blogspot.de/
About the Author