Rent Increase:

Who rents an apartment, must accept rule over the years of rent increases. “inhabitat members take advantage of falling rents that usually also applies to members of a housing association, who rent an apartment from their inventory”, Olaf Haubold said as Chairman of the Board of the EC brs0725. This is different for buyers of condominiums to the self-interest that make repayments in addition to current financing costs. This results in that the users have always lower charges and later once rent-free”can live. A similar concept has implemented inhabitat as housing association for their members, because she can benefit from the same effect the tenants of their cooperative apartments.

Our model of acquiring condo similar rights when buying an apartment is unique in Germany, applies only to the members of our cooperative”Hakobyan explains. Thus, brs0725 separates the actual rents from rising rent levels and requires only the actual costs. So be the rents for similar apartments in the brand new in Erfurt this year according to the IVD price mirror Thuringia 6.50 / m NET. Inhabitat approach, the license fee for the first occupation is set after this rent prices with a discount of 10%. This fee is set then usually written 10 years over the term of the financing interest rate. In the same period, the rent prices will move upwards so that the originally agreed difference of ten percent developed annually for the benefit for the tenants. After the interest rate and the repayment is to be expected that the annuity of the prolonged loan will be lower.

This advantage also gives EC the brs0725 to their members and will lower the fee accordingly. OLAF Haubold: After full repayment only the administrative costs and the maintenance position back layers to finance by the members in the context of the usage charges (comparable with the rent). This situation is then similar to an entschuldeten House or a condo.” There is currently no comparable housing association or local housing company which can boast of such a concept in Germany. Hale ended his speeches with a slide with this concept are many people feel”a statement that can man only underline. The brs0725 Association for real estate ownership e.G. is a cooperative of “new type” with the objectives of: promoting their members, to provide safe, modern and affordable housing to their members, to gain similar rights at your apartment the members, to pay interest on the invested capital of the cooperative articles of Association, to develop interesting offers for investors on the cooperative, through a high equity ratio as low as possible to keep the debt. In the residential real estate, the brs0725’s core competence is cooperative for real estate ownership Inc. headquartered in Erfurt. In addition to the creation of an attractive, modern Housing at affordable prices, best investment opportunities offers the inhabitat interested investors, partially state-very well promoted.

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