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verhält sich zum 12-fachen über dem 7-fachen

English translation: cf. inf.

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00:23 Sep 12, 2007
German to English translations [PRO]
Bus/Financial - Law: Contract(s)
German term or phrase: verhält sich zum 12-fachen über dem 7-fachen
Diese Höhe unterliegt einer jährlichen Anpassung nach folgender Maßgabe: Verhält sich das Ergebnis der gewöhnlichen Geschäftstätigkeit des Mieters aus dem jeweiligen Vorjahr zu dem zwölffachen der Nettosollstellung aus monatlicher Miete und Nebenkosten im Januar des laufenden Jahres über dem 7,0-fachen, wird die Mietsicherheit auf fünf Nettomonatsmieten inklusive Nebenkosten gesenkt.


Verhält sich das Ergebnis der gewöhnlichen Geschäftstätigkeit des Mieters aus dem jeweiligen Vorjahr zu dem zwölffachen der Nettosollstellung aus monatlicher Miete und Nebenkosten im Januar des laufenden Jahres über dem 4,0-fachen, wird die Mietsicherheit auf neun Nettomonatsmieten inklusive Nebenkosten angehoben.
I do not understand this sentence at all, how does the 12-fache and the 7-fache fit together??? I would appreciate any help for clarification!
Heike Reagan
United States
Local time: 23:23
English translation:cf. inf.
Explanation:
What a sentence... I'm not sure if my interpretation is correct, but here goes:

I think the "zwölffache der Nettosollstellung" is the estimated amount of a year's rent (12 monthly rents plus additional costs) calculated on the basis of the rent in January of the current year, and the "siebenfache" refers to the money the tenant has earned in the previous year. So if his income exceeds a year's rent by seven times his deposit will be reduced, but if he only earned more than four times a year's rent it will be increased.

It may be foolish but I'm going to attempt a translation anyway:

‘If the tenant's ordinary business activity in the previous year yielded more than 7 times the amount of 12 times the net debit position of the monthly rent plus additional costs as calculated in January of the current year the rent deposit will be reduced to five monthly base rents including additional costs.’

‘If the tenant's ordinary business activity in the previous year yielded more than 4 times the amount of 12 times the net debit estimation of the monthly rent plus additional costs as calculated in January of the current year the rent deposit will be increased to nine monthly base rents including additional costs.’

Does that make sense?
Selected response from:

xxxhollstes
Germany
Local time: 05:23
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

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Summary of answers provided
3 +2cf. inf.xxxhollstes


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
cf. inf.


Explanation:
What a sentence... I'm not sure if my interpretation is correct, but here goes:

I think the "zwölffache der Nettosollstellung" is the estimated amount of a year's rent (12 monthly rents plus additional costs) calculated on the basis of the rent in January of the current year, and the "siebenfache" refers to the money the tenant has earned in the previous year. So if his income exceeds a year's rent by seven times his deposit will be reduced, but if he only earned more than four times a year's rent it will be increased.

It may be foolish but I'm going to attempt a translation anyway:

‘If the tenant's ordinary business activity in the previous year yielded more than 7 times the amount of 12 times the net debit position of the monthly rent plus additional costs as calculated in January of the current year the rent deposit will be reduced to five monthly base rents including additional costs.’

‘If the tenant's ordinary business activity in the previous year yielded more than 4 times the amount of 12 times the net debit estimation of the monthly rent plus additional costs as calculated in January of the current year the rent deposit will be increased to nine monthly base rents including additional costs.’

Does that make sense?

xxxhollstes
Germany
Local time: 05:23
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 12
Grading comment
Selected automatically based on peer agreement.
Notes to answerer
Asker: Thank you for your help! I was thinking along those same lines but was not sure at all! What confused me was that the security deposit will increase with lower annual sales...must be about higher risk instead of the relation to higher income ...


Peer comments on this answer (and responses from the answerer)
agree  Teresa Reinhardt
16 mins
  -> danke sehr

agree  Timothy Wood: Wow! Looks good.
2 hrs
  -> thanks a lot!
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