Property units are any units which can be leased or owned inside buildings. Typical property units are apartments, flats and commercial spaces. A building can have one or more units.
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The exact number and type of the fields vary depending on your organisation settings; however, there are a few which are common for all organisations.
| Field | Description |
|---|---|
| Number of rooms | Number of rooms in the apartment. This includes bedrooms, living room, working room or hall. This doesn't include kitchen, toilets, bathrooms or storage spaces. |
| Type of Balcony | Type of balcony in the property |
| Type of Kitchen | Type of kitchen in the property. |
| Sauna | True, if the unit has own sauna. |
| Condition | Condition of the property unit. If the condition is not given, it's assumed to be Mediocre. |
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| Field | Description |
|---|---|
| Tenants name | Identifier for the tenant |
| Tenant rating | Tenant's rating, "A" being the best |
| Lease type | Type of lease agreement. Permanent or fixed length. |
| Rent (€/month) | Total monthly rent of the unit. Mandatory |
| Valid from | Start date of current tenant's agreement |
| Valid to | End date of current tenant's agreement. Can be left out. |
| First possible expiring date | The date that the current agreement can be officially expired |
| Notice period | The period of time that the tenant needs to notify the property owner before terminating the agreement |
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For all types of units, in order to get value estimation, they need to be attached to a building, which should have all the information about postal code and municipality, and floor area, . For Residential type of units, number of rooms is required to calculate value estimation. For Office, Retail, Storage types of units, lease agreements are not mandatory but they can affect the result of value estimation.
Discount rate expresses the time value of money over an investment horizon. We determine the discount rate based on growth rate and yield of a given property according to their type and location (i.e. default discount rate). However, the discount rate also compensates for the risk which an investor is willing to take over the investment. Therefore, discount rate could be adjusted according to your needs (e.g internal rate of return, weighted average cost of capital and so on) by changing the number on your own. If there is no discount rate is provided, the valuation uses the default discount rate as specified in the above.
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| Field | Description |
|---|---|
| Maintenance type | Defines type of maintenance. This is used to group and compare historical costs of the property. |
| Date | Date of the maintenance event |
| Cost | Actual costs of the maintenance event |
| Description | Description of the maintenance event. |
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