Hausgeld
Owner's Monthly Charge. The monthly payment every condo owner makes to the WEG, covering building operations, management and the maintenance reserve. Typically €3–5/m²/month; only parts are passable to tenants.
Hausgeld hits net yield directly: of a €300 monthly charge, perhaps €200 covers tenant-recoverable operating costs, while management fees and the reserve contribution (~€50–100) stay with you. Always model net of non-recoverable Hausgeld.
A suspiciously low Hausgeld often signals an underfunded reserve: deferred maintenance returns later as a Sonderumlage. Check the Wirtschaftsplan and reserve balance in the WEG documents.
Frequently asked questions
What is Hausgeld in a German apartment?
The monthly payment every condo owner makes to the owners' association for building operation, administration and the maintenance reserve. It is set by the annual owners' meeting through the budget.
How much is Hausgeld per month?
Typically €3 to €5 per square metre per month, depending on features such as a lift or underground parking, the age of the building and reserve policy. Unusually low figures are often a warning sign of an underfunded reserve.
Does the tenant or the landlord pay the Hausgeld?
The owner pays the full amount to the association. The passable operating costs inside it are recovered from the tenant through the annual statement, while administration and the reserve stay with the owner.
Is Hausgeld tax deductible for a landlord?
The non-passable portions are immediately deductible. The share paid into the maintenance reserve only takes effect for tax once the association actually spends it on maintenance.