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passing rent

German translation: laufende Miete

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	passing rent
German translation:	laufende Miete
Entered by:	LegalText

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09:52 Oct 5, 2005

English to German translations [PRO]
Bus/Financial - Real Estate

English term or phrase: passing rent

SUBJECT TO CONTRACT

Re: PURCHASE OF RETAIL PROPERTY AT (place in Germany)

We refer to the above matter.

This letter sets out the basis upon which xy Properties Limited or its nominee would be prepared the acquire The Property from the seller. We have based our offer on the information on The Property as provided to us.

1. PRICE EUR 1,555,000 for The Property let to;
a, b, c, d,

This offer is made on the assumption that the initial *passing rent* will be €499,564. A schedule of the non recoverable costs is to be provided as soon as possible for due diligence purposes.

3. THE PROPERTY The Property is held freehold by the seller and is let to the tenant/s for and on the lease terms as appear on the information schedule provided by you to us.

LegalText KudoZ activity Questions: 419 (none open) (1 without valid answers) (1 closed without grading) Answers: 390
Local time: 02:40

Miete

Explanation:
dont think there is a word for passing rent in german. You have "Mietspiegel" which is the going rate or market rent. But a term for what is actually paid would have to be described.

tatsächliche Miete or similar

Selected response from:

James Johnson
Local time: 03:40

Grading comment

thanks
4 KudoZ points were awarded for this answer

Summary of answers provided

maßgebliche erzielte (tatsächliche) Jahresmiete

Ivo Lang

Mietertrag aus bestehenden Verträgen

TideTrans

3 +1

Miete

James Johnson

Discussion entries: 1

Answers

5 mins confidence:

peer agreement (net): +1

Miete

James Johnson
Local time: 03:40
Native speaker of:

English
PRO pts in category: 4

Grading comment

thanks

46 mins confidence:

Mietertrag aus bestehenden Verträgen

Explanation:
Sorry, ging nicht kürzer, aber darum geht es hier wohl :)

Dieses Angebot basiert auf der Angabe eines anfänglichen Mietertrags von 499.564 Euro aus bestehenden Verträgen.

Das wäre dann der Satz. Ich hoffe er gefällt Dir.

TideTrans
Local time: 03:40
Specializes in field
Native speaker of:

German

1 hr confidence:

maßgebliche erzielte (tatsächliche) Jahresmiete

Explanation:
Im Gegensatz zum geschätzten Marktmietwert. Siehe erste beiden englischen Sites:

http://greenbook.treasury.gov.uk/annex03.htm
Sometimes, the actual rent paid on leasehold property (the ‘passing rent’) will vary from the market rent. This most often occurs in older long leases with unusual rent review patterns
http://www.landsecurities.com/ls_l3_cn_t.asp?pageid=22
Passing rent
The annual rental income receivable which may be more or less than the ERV (see over-rented and reversionary).
http://www.steuernetz.de/bfh_urteile/v/20040804/iir55_01.htm...
seit dem maßgeblichen Besteuerungszeitpunkt unverändert geblieben sind, und ist auch die für § 146 Abs. 2 BewG maßgebliche erzielte Jahresmiete gleich geblieben

Ivo Lang
Local time: 02:40
Native speaker of:

German
PRO pts in category: 68

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German translation: laufende Miete

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