173 / 236
NOTE 7. NET REDECORATION EXPENSES
1
(x 1,000 EUR)
2015
2014
Costs payable by the tenant and borne by the landlord on rental damage and redecoration at end of lease
1,434
1,540
Recovery of property charges
-329
-612
TOTAL
1,105
928
The recovery of property charges exclusively comprises indemnities on rental damage.
NOTE 9. TECHNICAL COSTS
(x 1,000 EUR)
2015
2014
Recurrent technical costs
5,316
3,601
Repairs
5,058
3,208
Insurance premiums
258
393
Non-recurrent technical costs
327
201
Major repairs (building companies, architects, engineering offices, etc.)
2
302
268
Damage expenses
25
-67
Losses providing from disasters and subject to insurance cover
450
213
Insurance compensation for losses providing from disasters
-425
-280
TOTAL
5,643
3,802
NOTE 8. TAXES AND CHARGES ON RENTED PROPERTIES NOT RECOVERED FROM TENANTS
(x 1,000 EUR)
2015
2014
Recovery income of charges and taxes normally payable by the tenant on let properties
41,588
44,756
Rebilling of rental charges invoiced to the landlord
16,916
16,971
Rebilling of withholding taxes and other taxes on let properties
24,672
27,785
Charges and taxes normally payable by the tenant on let properties
-45,066
-47,512
Rental charges invoiced to the landlord
-17,570
-17,334
Withholding taxes and other taxes on let properties
-27,496
-30,178
TOTAL
-3,478
-2,756
NOTE 10. COMMERCIAL COSTS
(x 1,000 EUR)
2015
2014
Letting fees paid to real estate brokers
634
740
Advertising
118
85
Fees paid to experts
198
312
TOTAL
950
1,137
1
According to Annex C of the Royal Decree of 13.07.2014, the exact terminology is “Costs payable by the tenant and borne by the landlord on rental damage and redecoration at
end of lease” and “Recovery of property charges”.
2
Except for capital expenditures.
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 31.12.2015 mainly include the
taxes of 1.4 million EUR not recovered on the vacant Woluwe 106-108
and Belliard 40 buildings under construction.
169