Occupation License Calculator
Figure out how to make Housies work for you. Use the calculator to see the cost as a Guardian at a property you can afford.
Occupation License Calculator
Determines your OL Fee based on your initial investment and the offer value of the property.
$500,000
$ 369.23
per week
Summary:
$500,000 Offer
Your Share:
4.00%
Unowned Share:
96.00%
OL Fee (4%):
$369.23
What to know about the Calculator
An Occupation Licence (OL) is a special agreement between you and the Property Co.that gives a Guardian the right to live in one of the company's properties. It ensures you can enjoy the property as your home, while clearly outlining the responsibilities required to keep things fair, safe, and well maintained for everyone involved. This licence is designed to give you security, a sense of ownership, and a clear framework for living in the property.
To become a Guardian, you'll need to invest a minimum of 2% in a property offer. This amount can increase over time as your circumstances allow, helping you build greater ownership in the property.
Your Initial Investment is the amount you contribute upfront toward the property. The OL Calculator uses this figure against the property's offer value to determine your percentage of 'owned shares'. Additionally, allows you to explore what your investment might look like at different offer values so you can determine the best path towards your future home.
The Property Offer Value represents the total market value of the property and is used to calculate the share price. Properties available on the Housies Marketplace will range from $500,000 to $2,000,000 in value. If your initial investment does not meet the minimum 2% required to qualify as a Guardian, the calculator will notify and prompt you to adjust your inputs accordingly.
The Result: Understanding the OL Fee
The Guardian will pay an Occupation Licence Fee to the Property Company. This fee is unique to each Guardian and is determined by the original value of the shares they don't own. As the OL Fee is based on the shares you do not own, it changes with your percentage of ownership. The more shares you own, the lower the fee!
What happens to the OL Fee with the changes in the market?
Since the OL Fee is calculated on the original value of the shares, their value on the secondary marketplace does not affect your OL Fee. Meaning, if the value of the property goes up your OL fee doesn't.
Frequently Asked Questions
Key Policies for Guardians
What is a Guardian?
Guardians pay a Licence Fee based on the property's purchase price and their ownership percentage. For full details, read the Guardian Policy.
What is the Occupation License Fee?
An Occupation Licence gives you the right to live in a property you co-own, with clear responsibilities and shared benefits. Learn how it works in the Occupation License Policy.
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