Hof rent index
A qualified rent index is one of the options provided for in the German Civil Code (BGB) for determining local comparative rents. It offers the parties involved an orientation option for agreeing a rent change on their own responsibility within the meaning of Section 558 BGB without having to name comparative properties themselves or spend considerable time and money on expert opinions.
Rent level
... and appropriateness limits
A qualified rent index provides an objective overview of the current rent level in the privately financed housing market. It indicates the so-called local comparative rent that is paid for comparable apartments and houses. It therefore serves the interests of both tenants and landlords. It is also an important source of information for interested parties from outside the area.
The ALP Institut für Wohnen und Stadtentwicklung GmbH, Hamburg, was commissioned to compile the new qualified rent index for the city of Hof. In Hof, 5000 apartments were contacted for this purpose.
Based on the data from the qualified rent index, the ALP Institute also determined the new adequacy limits for the cost of accommodation for recipients of benefits under SGB II (citizen's allowance) and SGB XII (assistance with living expenses and basic security).
Both the qualified rent index and the new adequacy limits for accommodation costs will come into force on June 1, 2024.
Online rental calculator
You can use the online rent calculator to calculate the local comparative rent for a rental apartment.
Based on the living space of the apartment, a basic net rent is calculated first. Then surcharges/discounts are added to the basic net rent depending on the location, age, furnishings, condition and type of rental property. The result is an average local comparative rent.
The online rent calculator for the city of Hof was realised thanks to the support of the Haus & Grund Hof association. The association represents the interests of house, flat and property owners.
