Rent revision
The rent is reviewed annualy in liaison with the educational institutes.
Apart from this yearly rent review, De Key is entitled to amend the monthly rent agreed between the parties at an interim stage if market circumstances indicate the need for this.
In case of such an interim rent review, De Key shall give the tenant at least one month's written notice, prior to the date it comes into effect.
Rent policy
The rent Short Stay Facilities charges is assessed by looking at the actual costs from the previous year and expectations for the next year, taking into account that Short Stay Facilities does not have a profit motive.