What documentation is provided per property?

Besides the financial information, location and pictures, there are several other documents that you can review per property.^* These documents give you a complete and transparent view on the investment opportunity and our thorough due diligence process prior to an acquisition. This is also a good way to learn, if you ever want to acquire an entire investment property yourself.

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• Building inspection: performed by a construction expert to review the structural condition of the investment property. It shows if there are any defects, expected maintenance and also provides a cost estimate. It decreases the likelihood of unexpected maintenance or renovations and allows us to plan for maintenance costs. 
• Legal due diligence: performed by a specialised law firm: all rental contracts, permits, subdivision deed, municipal lease, HoA conditions, etc. are checked against the legislation, whether all requirements have been met and if there are any outstanding risks.
• Independent appraisal: performed by a third party showing the estimated current value of the property, giving you a transparent assessment of the value.
• Deed registration: this certifies that a BRXS Properties BV is the rightful owner of the property. It can take some time before this is uploaded, depending on the processing time by the Dutch cadastral system (Kadaster).

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Depending on property, other provided documents can be:

• WWS rental points review: Identify whether the property has 187 or more rental points so that it can remain in the non-capped rental segment in 2024. If not, develop a plan detailing what modifications and costs are needed to achieve more than 187 points.^**
• Energy label: shows the energy efficiency of the property
• Permit(s): in some cases, properties require a specific permit. Example: room rental permit

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^{*Available for all properties launched after April 2023}

^{** In the Netherlands, there are two rent categories: 1) Capped rent (maximum rental prices determined by government) 2) Non-capped rent where the rental price is set by the landlord. The capped rent segment is often not beneficial for landlords as collected rent can be low compared to the actual value of the property, leading to (very) low rental returns. Whether a property falls into one or the other category, is determined by a point system that looks at size, value, energy label and other factors. If a property has 187 or more points, it falls in the non-capped rent segment.}