Oct 30, 2010 22:54
13 yrs ago
1 viewer *
German term
10 years in international finance
Native in: English
Works in: German to English, Czech to English
Nettosollmiete
German to English
Bus/Financial
Real Estate
contracts
"Für seine Leistungen erhält der Property Manager eine monatliche Vergütung in Höhe von x % der vertraglich vereinbarten monatlichen Nettosollmieten (ohne Nebenkosten- und Heizkostenvorauszahlungen) für die vermieteten und von diesem Vertrag umfassten Flächen des Objekts zuzüglich der gesetzlichen Mehrwertsteuer."
I am not an expert in this field and only thing I found was "gross potential rent" but I am not sure....
I am not an expert in this field and only thing I found was "gross potential rent" but I am not sure....
Proposed translations
(English)
| 4 | net target rent |
Kim Metzger
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| 5 | Net rent payable |
alec_in_France
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Proposed translations
1 hr
Kim Metzger
Mexico
Mexico
Native in English
Works in field
Mexico
Committed to Quality and Service
Native in: English (Variant: US) 
Works in: German to English
Related KudoZ points
:
305
Selected
net target rent
Sollmiete – target rent
http://www.saptranslation.com/T/Target-Rent.html
HOW DO WE CALCULATE ‘TARGET RENT’?
•The ‘Target Rent’ is the calculated rent which the RSL is required to achieve for each property type within 10 years,
•The rents referred to exclude charges that need to be added separately (e.g. service charges)
What factors determine the ‘Target Rent’?
•The size of the property,
•30%: The value of the property (in January 1999),
•70%: The local earnings level.
www.cch.coop/docs/cch-rent-restr.doc
http://www.saptranslation.com/T/Target-Rent.html
HOW DO WE CALCULATE ‘TARGET RENT’?
•The ‘Target Rent’ is the calculated rent which the RSL is required to achieve for each property type within 10 years,
•The rents referred to exclude charges that need to be added separately (e.g. service charges)
What factors determine the ‘Target Rent’?
•The size of the property,
•30%: The value of the property (in January 1999),
•70%: The local earnings level.
www.cch.coop/docs/cch-rent-restr.doc
4 KudoZ points awarded for this answer.
Comment: "Many thanks"
8 hrs
alec_in_France
Native in English
Specializes in field
Chartered Surveyor and valuer
Native in: English 
Works in: French to English, German to English
Related KudoZ points
:
416
Net rent payable
A more traditional term - but still common in the UK - is "net rent reserved".
The difference between this and the (actual) net rent received is e.g. any defaulting (or late) payments by tenants.
The canny property manager is making sure that he (or she) gets a % of the rent that should be received, rather than actually received.
(Just as a matter of interest: the property manager is normally responsible for rent collection, so the fairness of this condition may be slightly suspect from the landlord's point of view. But it is normal.)
The difference between this and the (actual) net rent received is e.g. any defaulting (or late) payments by tenants.
The canny property manager is making sure that he (or she) gets a % of the rent that should be received, rather than actually received.
(Just as a matter of interest: the property manager is normally responsible for rent collection, so the fairness of this condition may be slightly suspect from the landlord's point of view. But it is normal.)
Peer comment(s):
| neutral |
writeaway
: more traditional term than what? If the Rent Officer sets a rent higher than the target rent, then the target rent will be applied. http://www.nexushousing.co.uk/upload/documents/webpage/Rent ...
1 hr
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More traditional than my first proposed translation. "Target rent" is a (UK social housing) specific term, unlike "Sollmiete", which is a general term meaning the rent reserved (payable/receivable ) under a lease.
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