Sustainable rental income

VVO's rent development can be predicted. Provisions for repairs are made throughout the property life cycle. VVO determines the maximum rent increases in accordance with its rental practices. The criteria for determining cost-price rents are discussed and approved annually by the Board of Residents and in residential management's economic theme events.

VVO's rents are determined either by the markets (approximately 62 per cent of VVO’s apartments) or on the cost principle (approximately 38 per cent). These rents cover the long-term maintenance of the properties. In market-based rental properties, rents can be determined freely. VVO determines its market-based rents in a way that supports the strategic objectives of the company.

VVO seeks operating models that lower the threshold of renting. The rental deposit, 250 euros, is returned after three years of tenancy. During the review period, VVO ended the requirement for an advance rental payment for the first month. Any problems with rental payments are handled proactively together with the residents.


Average rent

EUR per sq m per month20092010201120122013
Keskivuokra10.4410.7911.2611.8912.42

Rental deposit EUR

 

250