Back The SEPA direct debit in the WEG

The apartment owners in a condominium have to pay a monthly house fee according to the agreed business plan.

This can be done firstly in the form of a bank transfer, secondly by offsetting when rent is paid out and thirdly by direct debit, which guarantees early settlement of the utility bills due and does not require any adjustment of house money payments by the owners.

The SEPA direct debit in the SEV

With the conclusion of the rental contract, the tenants are obliged to ensure that their monthly rent is paid on time.

This can also be done by bank transfer or standing order at the bank or direct debit by the administration. If a direct debit is issued to the landlord, any change in the monthly payment load will be adjusted automatically and at no cost to the tenant.

The adjustment of any rent increase requests or the operating advance payment also takes place after the annual settlement.

In times of fluctuating prices, the payment load can change several times a year. As a result, standing orders have to be adjusted by the tenant himself, which in turn is associated with a bank fee. If this is not done, the dunning procedure will take effect in the following month, which in turn will incur costs. Just like with owners, in contrast to bank transfers, the payment process for direct debits is not triggered by the payer, but by the payee.

Advantages

They are obvious: Changes are made by the property management. The tenants and owners do not have to worry about any changes in payment transactions, there are no costs. Payments are received on time and in the correct amount.