159 / 222
155
NOTE 7. NET REDECORATION EXPENSES
1
(x €1,000)
2014
2013
Costs payable by the tenant and borne by the landlord on rental damage and redecoration at end of lease
1,540
1,277
Recovery of property charges
-612
-101
TOTAL
928
1,176
The recovery of property charges exclusively comprises indemnities on rental damage.
NOTE 9. TECHNICAL COSTS
(x €1,000)
2014
2013
Recurrent technical costs
3,601
5,202
Repairs
3,208
4,719
Insurance premiums
393
483
Non-recurrent technical costs
201
-88
Major repairs (building companies, architects, engineering offices, etc.)
2
268
307
Damage expenses
-67
-395
Losses providing from disasters and subject to insurance cover
213
270
Insurance compensation for losses providing from disasters
-280
-665
TOTAL
3,802
5,114
NOTE 8. CHARGES AND TAXES NOT RECOVERED FROM THE TENANT ON LET PROPERTIES
(x €1,000)
2014
2013
Recovery income of charges and taxes normally payable by the tenant on let properties
44,756
48,826
Rebilling of rental charges invoiced to the landlord
16,971
20,098
Rebilling of withholding taxes and other taxes on let properties
27,785
28,728
Charges and taxes normally payable by the tenant on let properties
-47,512
-51,202
Rental charges invoiced to the landlord
-17,334
-20,420
Withholding taxes and other taxes on let properties
-30,178
-30,782
TOTAL
-2,756
-2,376
Under usual lease terms, these charges and taxes are borne by the tenants through rebilling. However, a number of lease contracts of the
Group provide otherwise, leaving taxes or charges to be borne by the landlord.
The charges and taxes not recovered at 31.12.2014 mainly include unrecoverable taxes of €1.1 million on the empty Livingstone II and Belliard
40 buildings.
NOTE 10. COMMERCIAL COSTS
(x €1,000)
2014
2013
Letting fees paid to real estate brokers
740
602
Advertising
85
23
Fees paid to lawyers and other experts
312
331
TOTAL
1,137
956
1
According to Appendix C of the Royal Decree of 13.07.2014, the correct term is “Costs payable by the tenant and borne by the landlord on rental damage and redecoration
at end of lease”.
2
Except for capital expenditures.