The Nebenkostenabrechnung, literally translated as “operating cost statement” or “service charge statement,” is an annual financial statement that tenants in Germany receive from their landlords. This statement details the additional costs associated with renting a property, separate from the basic rent (KaltmieteKaltmiete, literally translating to "cold rent" in English, is a term commonly used in the German real estate market. What... More).
What is “Nebenkostenabrechnung”?
The Nebenkostenabrechnung is a crucial document for both tenants and landlords in Germany, outlining the additional costs incurred over the rental period, usually a year. These costs can include utilities like heating and water, as well as garbage collection, building cleaning services, and property taxes. The statement allows tenants to see how their prepayments (Vorauszahlungen) for these services compare to the actual costs incurred, potentially leading to either a refund for overpayment or a request for additional payment if the prepayments were insufficient.
More information about “Nebenkostenabrechnung”
The Nebenkostenabrechnung must be provided to tenants within a specific timeframe, typically within twelve months after the end of the billing period. It should detail the total costs, the tenant’s share of these costs, and how these shares are calculated, often based on the size of the rented property or the number of occupants. Tenants have the right to inspect the original invoices should they wish to verify the details of the Nebenkostenabrechnung.
Related to “Nebenkostenabrechnung”
Here are some additional terms that are related to Nebenkostenabrechnung:
- KaltmieteKaltmiete, literally translating to "cold rent" in English, is a term commonly used in the German real estate market. What... More: The basic rent excluding any additional costs.
- Warmmiete: The rent including basic rent and prepayments for additional costs.
- Vorauszahlungen: Prepayments made by the tenant for the anticipated NebenkostenNebenkosten, literally translated as "additional costs" or "utility costs," are the expenses included in the warm rent of a rental... More.
- BetriebskostenBetriebskosten, literally translated as "operating costs," are expenses that property owners in Germany incur due to the ownership and use... More: Operating costs that can be legally passed on to tenants, such as water and heating.
Understanding the Nebenkostenabrechnung is essential for tenants in Germany to ensure they are paying the correct amount for their rental property and to identify any potential savings.