How much does it cost when the Syndikat acquires an interest in a project?
For the establishment of the house LLC, the new house association has to raise 12,600 Euros for its 51% share of capital stock. The Syndikat provides the remaining 12,400 Euros, making a total of 25,000 Euros that are then available to the house LLC for the purchase of the house. The new house association becomes a member of the Syndikat upon depositing a capital contribution of at least 250 Euros. The tenants of the new house LLC pay a solidarity contribution that should not be less than 10 cents/square meter of floor space per month, and that increases annually by an amount equal to 0.5% of the rent, excluding utilities. The 12,400 Euros provided by the Syndikat are to be ‘paid back’ in the long term by increasing the capital contribution.