Terminology
Short, plain-English definitions used in this app.
| App Term | UK | German (DE) | Meaning |
|---|---|---|---|
| Nebenkosten | Service charges | Nebenkosten | Recurring operating costs passed through to tenants (e.g., heating, water, common electricity, cleaning, caretaker). |
| Maintenance | Repairs and maintenance | Unterhalt / Wartung | Owner’s routine repairs and upkeep to keep the property functional (e.g., plumber, minor repairs, boiler service). |
| Reserve Fund | Reserve / Sinking fund | Erneuerungsfonds / Rücklage | Monthly set‑aside for future major replacements (e.g., roof, boiler, windows). |
| Rent Income | Rent | Mieteinnahmen | Monthly rent received from tenants (excluding once‑off fees and deposits). |
| Personal Housing Expense | Personal rent | Eigene Mietausgaben | Your monthly rent outflow for properties you rent yourself (tenant‑mode). |
| Loan‑to‑Value (LTV) | Loan‑to‑value (LTV) | Beleihungsauslauf (LTV) | Mortgage balance as a percentage of property value or purchase price. |
| Interest‑Only (IO) | Interest‑only | Nur Zinsen / Zinszahlungsdarlehen | Monthly payment that covers interest only, with no principal reduction. |
| Obligation Pace | Amortisation to target | Amortisationspflicht bis Ziel‑LTV | Fixed monthly principal amount to reach a target LTV within the specified years. |
| Lease | Tenancy agreement / Lease | Mietvertrag | Agreement defining rent amount, start/end dates, and participants for a unit/property. |
| Tenant | Tenant | Mieter(in) | Person who occupies the unit under a lease and pays rent. |
| Guarantor | Guarantor | Bürge / Bürgin | Person who guarantees the tenant’s obligations but doesn’t occupy the unit. |