Fixed rate of Return
Rent of 8% per annum on the net price of the premises, paid quarterly, indexed annually by the inflation rate provided by the CSO.
Contract signed for 10 years with the possibility of renewal for another 5 years.
In the fixed rate of return model, the ownership stay is: 10 days / 9 nights per year, excluding special offer dates
Costs of the APARTMENT OWNER
- property tax
- apartment insurance
- renovation costs resulting from the use of the premises (every 5 years) – in a 50/50 proportion and to the extent agreed together with the tenant on the basis of a mutually prepared protocol.
Costs of the APARTMENT MANAGER/OPERATOR.
- costs of maintaining a team of employees to provide day-to-day services to Guests,
- costs of preparing the apartment for rent (cleaning, laundering of linens, etc.),
- costs of commissions of operators like Booking.com, Expedia, HRS, Trivago, German and Czech tour operators),
- costs of advertising and marketing (e.g. google adwords),
- costs of the website and mobile application – the owner’s panel,
- costs of current and ground cleaning related to the stay of Guests,
- costs of minor current repairs and maintenance of the apartment related to the stay of Guests,
- media regarding the premises and common areas
- air conditioning and heating service
- 24-hour reception / security / monitoring
- green areas, snow removal
- cleaning of parking lots, traffic routes of common parts,
- costs of renovation and refreshing of the apartment every 5 years – in a 50/50 proportion and to the extent mutually agreed with the tenant on the basis of a mutually drawn up protocol.
Read about: About the Apartments