"How much do I have to earn to be eligible for a rental property at all?"

 

Glossary

calculation rent basic rent + regular service costs

gross salary the wage before tax


Calculation for a single person household:
The calculated rent may not exceed 1 / 3rd of the net monthly salary of the main applicant. You deduct the monthly payments on loans, credits or mortgage from the net monthly salary for calculation.

Example:
The calculated rent is € 650 per month.
The main applicant must earn € 650 * 3 = € 1,950 in net salary per month to be eligible.


Calculation for a 2 or more person household:
The calculation rent may not exceed 1 / 4th part of the net salary (main applicant + co-applicant). You deduct the monthly payments on loans, credits or mortgage from the net monthly salary for calculation. Only half of the income of the co-applicant is included.

Example:
The calculated rent is € 650 per month and the main applicant has a credit card debt and pays € 200 per month.
€ 650 * 4 = € 2,600, the main applicant + co-applicant must earn a net salary to be eligible.
Suppose that the co-applicant has an income of € 1,000 net per month. The main applicant will have to earn € 2,100 net per month. € 2,600 - (€ 1,000 / 2) = € 2,100. But since the main applicant pays off a credit card debt with € 200 per month, he will have to earn € 2,300 net per month in this example to be eligible.


Particularities:

Do you pay partner alimony? Subtract this amount from the net salary before you start calculating.

Do you pay child support? You do not have to take this amount into account.

calculation rent basic rent + regular service costs

gross salary the wage before tax

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