Background: Apartment owners are required by law to balance utility costs with their tenants once a year. The balancing has to be completed by the end of a calendar year for the preceding calendar year. Home takes care of the balancing for your. However, we need a few documents from you.
Approach: Please send us the annual balancing of your building ("Hausgeldabrechnung") as soon as you receive it from your building's property manager ("WEG-Verwaltung"). Please make sure that it includes the appendix on costs for heating and warm water. Please also share any documentation on other costs that by law can be allocated to a tenant, especially the German real estate tax ("Grundsteuer"). We then take care of creating the balancing.
Balancing: Any balance between you and the tenant will be netted with one of the next rent payments.
Adjustments of pre-payments: Should the balance in favor of either party be very high and also be expected for next year, the tenant's monthly pre-payments should be adjusted. In this case we inform you about the adjustment.
For a few older contracts, different conditions apply. In case of any questions, send a message to our Home Support Team via the form below.