Subsidized Cooperative Townhouses Rent with Purchase Option INDIVIDUAL FINANCING POSSIBLE

Subsidized cooperative townhouse - rent with purchase option

Part of the financing contribution can gladly be deferred!!!

50% of the financing contribution at the signing of the rental agreement - the remaining amount can be deferred for 3 years at 1% per annum.

In 2842 Edlitz, Markt 32, a residential complex with 24 apartments, spread across two stairwells and six townhouses, was built for rent with purchase option. The apartments and townhouses were built in low-energy construction with controlled ventilation and heat recovery. Heating and hot water preparation is provided by air-to-water heat pumps in conjunction with photovoltaic systems.

Ground-floor apartments and townhouses were assigned private gardens with terraces. The remaining apartments have balconies. Each housing unit receives a private parking space with a carport. Each townhouse also has an additional outdoor parking space assigned. At the tenant’s request and at the tenant’s cost, each assigned parking space under the carport can be equipped with a charging socket for an electric car.

All stairwells of the multi-family residential buildings were built barrier-free and equipped with passenger elevators. In addition, storage rooms for bicycles and prams as well as drying rooms will be available. The public children's playground is located directly next to the residential complex.

In the market town of Edlitz there are various schools, a state kindergarten and a music school association. In addition, the location offers excellent infrastructure and local amenities as well as doctors, businesses and an active club life. With the highway connection to the A2, as well as rail and bus traffic there is also a very good connection to the public transport network.

This residential complex was subsidized by the state of Lower Austria! Tenants must meet the subsidy criteria and establish their primary residence here.

Rent with Purchase Right

With payment of the financing contribution you acquire the option to purchase the rented housing unit.

The following housing units are available:

• RH 2 First Occupancy
  • Living area: 110,26m²
  • Private garden: 44,28 m²
  • Financing contribution: € 73.924,39
  • Rent: € 1.124,35
• RH 4 Re-let
  • Living area: 110,26 m²
  • Private garden: 50,84 m²
  • Financing contribution: € 74.717,28
  • Rent: € 1.121,20

The cost of the car parking space is included in the monthly rent.

Rent

The rent consists pursuant to § 14 WGG of:

• Capital repayment + interest – subsidized loan
• Annuität (capital repayment+interest less temporary subsidy) of the progressive mortgage loan used to finance the apartment or the use of own funds by a non-profit housing association
• Annuität (capital repayment+interest) of a non-subsidized mortgage loan
• Ground lease interest in the event of granting a building right, interest for the provision of the building plot
• Maintenance and improvement contribution charged for maintenance and improvement works on the housing complex
• Reserve 2% of the above-mentioned remuneration components
• Value-added tax on rent and on 1% of the financing contribution per year (for let apartment)

Operating costs (deposit)

The non-profit housing association will initially, in its role as property owner (building rights holder) and manager, estimate the operating costs associated with the property per calendar year in advance and bill them in monthly installments. The operating costs include in particular:

• Public charges (sewer, garbage, water charge, property tax)
• Insurance costs (fire, liability, water damage and storm damage insurance, each at replacement value)
• General electricity costs (stairwell, basement, exterior lighting)
• Costs of care and maintenance of the general exterior facilities (e.g., playgrounds, green spaces, garbage areas, etc.)
• Chimney sweep fee
• If applicable, costs of a lift system etc.
• In the operating cost advance, the costs of building management (stairwell cleaning, winter service, green space maintenance) are not included. Depending on the commissioning of these works (one or more persons, possibly also a company) these costs are variable.

For questions and viewings I am of course available at telephone number 0664 / 621 20 58.

Our information is based on the information and documents provided to us by the supplier or its agents and is without guarantee.

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We note that there is a familial or economic close relationship between the broker and the third party being brokered.

The real estate agent states that he – contrary to the usual business practice in the real estate industry of the double broker – acts solely for the landlord.