Monthly Rental and Utility Costs for Luxembourg, Luxembourg

Survey Date: March 2023 Survey | Collection Currency: EUR | Exchange Rate from EUR 1.00000 (Monthly Average as of 2023-03-01)

Size Host Location: Luxembourg, Luxembourg

Square Meters Monthly Rent Utility Cost

Cost Category Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

1 - Least Expensive Apartment Unfurnished 1 55 75 Low 1,300 1,500 1,700 195 260 325
Area
2 90 115 Very Low 1,750 2,000 2,300 310 420 525

3 105 135 Very Low 2,200 2,400 2,800 445 605 770

4 125 160 Very Low 2,800 3,100 3,500 650 810 970

Furnished 1 55 75 Low 1,500 1,700 2,000 195 260 325

2 90 115 Low 2,000 2,300 2,600 310 420 525

3 105 135 Very Low 2,500 2,700 3,000 445 605 770

2 - Less Expensive Apartment Unfurnished 1 55 75 Low 1,600 1,750 1,900 195 260 325
Area
2 90 115 Low 2,000 2,300 2,700 310 420 525

3 105 135 Low 2,400 2,800 3,250 445 605 770

4 125 160 Very Low 3,100 3,600 3,900 650 810 970

Furnished 1 55 75 Low 1,800 2,000 2,200 195 260 325

2 90 115 Low 2,300 2,700 3,000 310 420 525

3 105 135 Low 2,800 3,200 3,600 445 605 770

House Unfurnished 3 130 170 Very Low 2,800 3,300 3,600 560 685 810

4 175 225 Very Low 3,400 3,700 4,200 735 940 1,140

5 265 340 Very Low 4,000 4,600 5,100 960 1,120 1,280

3 - Moderate Area Apartment Unfurnished 1 55 75 Low 1,850 2,100 2,300 195 260 325

2 90 115 Low 2,400 2,900 3,150 310 420 525

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 Size Host Location: Luxembourg, Luxembourg

Square Meters Monthly Rent Utility Cost

Cost Category Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

3 115 145 Low 2,900 3,500 3,900 445 605 770

4 130 170 Very Low 3,600 4,350 4,750 650 810 970

Furnished 1 55 75 Low 2,100 2,400 2,650 195 260 325

2 90 115 Low 2,800 3,250 3,500 310 420 525

3 115 145 Low 3,400 3,900 4,300 445 605 770

Serviced 1 50 70 Low 3,800 4,300 4,700 0 0 0

House Unfurnished 3 175 225 Very Low 3,300 3,600 4,200 560 685 810

4 220 280 Very Low 3,700 4,200 5,000 735 940 1,140

5 310 395 Very Low 4,600 5,300 5,900 960 1,120 1,280

4 - Expensive Area Apartment Unfurnished 1 60 80 Low 2,150 2,450 2,850 195 260 325

2 90 115 Low 2,850 3,200 3,900 310 420 525

3 115 145 Low 3,500 4,000 4,600 445 605 770

4 130 170 Low 4,350 5,000 5,600 650 810 970

Furnished 1 60 80 Low 2,550 2,850 3,300 195 260 325

2 90 115 Low 3,200 3,700 4,500 310 420 525

3 115 145 Very Low 4,000 4,500 5,000 445 605 770

Serviced 1 55 75 Low 4,800 5,600 6,600 0 0 0

House Unfurnished 3 175 225 Very Low 3,700 4,200 4,700 560 685 810

4 220 280 Very Low 4,500 5,300 6,000 735 940 1,140

5 310 395 Very Low 5,500 6,500 7,300 960 1,120 1,280

5 - Exclusive Area Apartment Unfurnished 1 75 95 Low 2,500 2,900 3,300 195 260 325

2 105 135 Very Low 3,200 3,700 4,400 310 420 525

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 Size Host Location: Luxembourg, Luxembourg

Square Meters Monthly Rent Utility Cost

Cost Category Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

3 130 170 Very Low 4,400 5,200 5,700 445 605 770

Serviced 1 65 85 Low 6,200 7,200 8,000 0 0 0

House Unfurnished 3 205 255 Very Low 4,700 5,200 5,900 560 685 810

4 240 310 Very Low 5,300 6,000 6,800 735 940 1,140

5 330 420 Very Low 6,600 7,600 8,600 960 1,120 1,280

Disclaimer:
Mercer LLC. has made reasonable commercial efforts in order to offer the most current information. The calculation is provided on an "AS-IS" basis. This calculation result is provided for information purposes only
and is not intended or implied to be a substitute for professional advice. In no event shall Mercer LLC. be liable for any damages, losses or expenses, including without limitation, direct, indirect, special, incidental, or
consequential damages arising in connection with the use or interpretation of the information contained herein.

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 Monthly Rental and Utility Costs for Luxembourg, Luxembourg
Survey Date: March 2023 Survey | Collection Currency: EUR | Exchange Rate from EUR 1.00000 (Monthly Average as of 2023-03-01)

Size Host Location: Luxembourg, Luxembourg

Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

1 - Least Bertrange Apartment Unfurnished 1 55 75 Low 1,230 1,419 1,608 195 260 325
Expensive Area
2 90 115 Very Low 1,656 1,892 2,176 310 420 525

3 105 135 Very Low 2,082 2,271 2,649 445 605 770

4 125 160 Very Low 2,649 2,933 3,312 650 810 970

Furnished 1 55 75 Low 1,419 1,608 1,892 195 260 325

2 90 115 Low 1,892 2,176 2,460 310 420 525

3 105 135 Very Low 2,365 2,555 2,838 445 605 770

Bonnevoie Apartment Unfurnished 1 55 75 Low 1,350 1,558 1,765 195 260 325

2 90 115 Very Low 1,817 2,077 2,388 310 420 525

3 105 135 Very Low 2,285 2,492 2,908 445 605 770

4 125 160 Very Low 2,908 3,219 3,635 650 810 970

Furnished 1 55 75 Low 1,558 1,765 2,077 195 260 325

2 90 115 Low 2,077 2,388 2,700 310 420 525

3 105 135 Very Low 2,596 2,804 3,115 445 605 770

Gasperich Apartment Unfurnished 1 55 75 Low 1,320 1,523 1,726 195 260 325

2 90 115 Very Low 1,777 2,031 2,335 310 420 525

3 105 135 Very Low 2,234 2,437 2,843 445 605 770

4 125 160 Very Low 2,843 3,148 3,554 650 810 970

Furnished 1 55 75 Low 1,523 1,726 2,031 195 260 325

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 Size Host Location: Luxembourg, Luxembourg

Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

2 90 115 Low 2,031 2,335 2,640 310 420 525

3 105 135 Very Low 2,538 2,742 3,046 445 605 770

2 - Less Bertrange Apartment Unfurnished 1 55 75 Low 1,477 1,615 1,754 195 260 325
Expensive Area
2 90 115 Low 1,846 2,123 2,492 310 420 525

3 105 135 Low 2,215 2,585 3,000 445 605 770

4 125 160 Very Low 2,862 3,323 3,600 650 810 970

Furnished 1 55 75 Low 1,662 1,846 2,031 195 260 325

2 90 115 Low 2,123 2,492 2,769 310 420 525

3 105 135 Low 2,585 2,954 3,323 445 605 770

House Unfurnished 3 130 170 Very Low 2,733 3,221 3,514 560 685 810

4 175 225 Very Low 3,319 3,612 4,100 735 940 1,140

5 265 340 Very Low 3,905 4,490 4,979 960 1,120 1,280

Bonnevoie Apartment Unfurnished 1 55 75 Low 1,553 1,698 1,844 195 260 325

2 90 115 Low 1,941 2,232 2,620 310 420 525

3 105 135 Low 2,329 2,717 3,154 445 605 770

4 125 160 Very Low 3,008 3,493 3,785 650 810 970

Furnished 1 55 75 Low 1,747 1,941 2,135 195 260 325

2 90 115 Low 2,232 2,620 2,911 310 420 525

3 105 135 Low 2,717 3,105 3,493 445 605 770

House Unfurnished 3 130 170 Very Low 2,733 3,221 3,514 560 685 810

4 175 225 Very Low 3,319 3,612 4,100 735 940 1,140

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Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

5 265 340 Very Low 3,905 4,490 4,979 960 1,120 1,280

Cents House Unfurnished 3 130 170 Very Low 2,933 3,457 3,771 560 685 810

4 175 225 Very Low 3,562 3,876 4,400 735 940 1,140

5 265 340 Very Low 4,190 4,819 5,343 960 1,120 1,280

Gasperich Apartment Unfurnished 1 55 75 Low 1,666 1,822 1,979 195 260 325

2 90 115 Low 2,083 2,395 2,812 310 420 525

3 105 135 Low 2,499 2,916 3,385 445 605 770

4 125 160 Very Low 3,228 3,749 4,062 650 810 970

Furnished 1 55 75 Low 1,875 2,083 2,291 195 260 325

2 90 115 Low 2,395 2,812 3,124 310 420 525

3 105 135 Low 2,916 3,333 3,749 445 605 770

Strassen Apartment Unfurnished 1 55 75 Low 1,704 1,864 2,024 195 260 325

2 90 115 Low 2,130 2,450 2,876 310 420 525

3 105 135 Low 2,556 2,982 3,462 445 605 770

4 125 160 Very Low 3,302 3,834 4,154 650 810 970

Furnished 1 55 75 Low 1,917 2,130 2,343 195 260 325

2 90 115 Low 2,450 2,876 3,195 310 420 525

3 105 135 Low 2,982 3,408 3,834 445 605 770

3 - Moderate Bereldange House Unfurnished 3 175 225 Very Low 3,076 3,356 3,916 560 685 810
Area
4 220 280 Very Low 3,449 3,916 4,661 735 940 1,140

5 310 395 Very Low 4,288 4,941 5,500 960 1,120 1,280

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Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

Howald Apartment Unfurnished 1 55 75 Low 1,843 2,091 2,291 195 260 325

2 90 115 Low 2,390 2,888 3,137 310 420 525

3 115 145 Low 2,888 3,486 3,884 445 605 770

4 130 170 Very Low 3,585 4,332 4,731 650 810 970

Furnished 1 55 75 Low 2,091 2,390 2,639 195 260 325

2 90 115 Low 2,789 3,237 3,486 310 420 525

3 115 145 Low 3,386 3,884 4,283 445 605 770

House Unfurnished 3 175 225 Very Low 3,076 3,356 3,916 560 685 810

4 220 280 Very Low 3,449 3,916 4,661 735 940 1,140

5 310 395 Very Low 4,288 4,941 5,500 960 1,120 1,280

Kirchberg Apartment Unfurnished 1 55 75 Low 1,843 2,091 2,291 195 260 325

2 90 115 Low 2,390 2,888 3,137 310 420 525

3 115 145 Low 2,888 3,486 3,884 445 605 770

4 130 170 Very Low 3,585 4,332 4,731 650 810 970

Furnished 1 55 75 Low 2,091 2,390 2,639 195 260 325

2 90 115 Low 2,789 3,237 3,486 310 420 525

3 115 145 Low 3,386 3,884 4,283 445 605 770

Limpertsberg Apartment Unfurnished 1 55 75 Low 2,022 2,296 2,514 195 260 325

2 90 115 Low 2,623 3,170 3,443 310 420 525

3 115 145 Low 3,170 3,826 4,263 445 605 770

4 130 170 Very Low 3,935 4,755 5,192 650 810 970

Furnished 1 55 75 Low 2,296 2,623 2,897 195 260 325

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Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

2 90 115 Low 3,061 3,553 3,826 310 420 525

3 115 145 Low 3,717 4,263 4,700 445 605 770

Limpertsberg Apartment Serviced 1 50 70 Low 3,800 4,300 4,700 0 0 0

(Serviced)
Mamer Apartment Unfurnished 1 55 75 Low 1,663 1,887 2,067 195 260 325

2 90 115 Low 2,157 2,606 2,831 310 420 525

3 115 145 Low 2,606 3,146 3,505 445 605 770

4 130 170 Very Low 3,236 3,910 4,269 650 810 970

Furnished 1 55 75 Low 1,887 2,157 2,382 195 260 325

2 90 115 Low 2,517 2,921 3,146 310 420 525

3 115 145 Low 3,056 3,505 3,865 445 605 770

House Unfurnished 3 175 225 Very Low 3,234 3,528 4,116 560 685 810

4 220 280 Very Low 3,626 4,116 4,900 735 940 1,140

5 310 395 Very Low 4,508 5,194 5,782 960 1,120 1,280

Merl Apartment Unfurnished 1 55 75 Low 1,977 2,245 2,458 195 260 325

2 90 115 Low 2,565 3,100 3,367 310 420 525

3 115 145 Low 3,100 3,741 4,168 445 605 770

4 130 170 Very Low 3,848 4,649 5,077 650 810 970

Furnished 1 55 75 Low 2,245 2,565 2,832 195 260 325

2 90 115 Low 2,993 3,474 3,741 310 420 525

3 115 145 Low 3,634 4,168 4,596 445 605 770

House Unfurnished 3 175 225 Very Low 3,471 3,786 4,418 560 685 810

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 Size Host Location: Luxembourg, Luxembourg

Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

4 220 280 Very Low 3,892 4,418 5,259 735 940 1,140

5 310 395 Very Low 4,838 5,575 6,206 960 1,120 1,280

Senningerberg Apartment Unfurnished 1 55 75 Low 1,753 1,989 2,179 195 260 325

2 90 115 Low 2,274 2,747 2,984 310 420 525

3 115 145 Low 2,747 3,316 3,695 445 605 770

4 130 170 Very Low 3,411 4,121 4,500 650 810 970

Furnished 1 55 75 Low 1,989 2,274 2,511 195 260 325

2 90 115 Low 2,653 3,079 3,316 310 420 525

3 115 145 Low 3,221 3,695 4,074 445 605 770

House Unfurnished 3 175 225 Very Low 3,471 3,786 4,418 560 685 810

4 220 280 Very Low 3,892 4,418 5,259 735 940 1,140

5 310 395 Very Low 4,838 5,575 6,206 960 1,120 1,280

Strassen House Unfurnished 3 175 225 Very Low 3,471 3,786 4,418 560 685 810

4 220 280 Very Low 3,892 4,418 5,259 735 940 1,140

5 310 395 Very Low 4,838 5,575 6,206 960 1,120 1,280

4 - Expensive Belair Apartment Unfurnished 1 60 80 Low 2,304 2,625 3,054 195 260 325
Area
2 90 115 Low 3,054 3,429 4,179 310 420 525

3 115 145 Low 3,750 4,286 4,929 445 605 770

4 130 170 Low 4,661 5,357 6,000 650 810 970

Furnished 1 60 80 Low 2,732 3,054 3,536 195 260 325

2 90 115 Low 3,429 3,964 4,821 310 420 525

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Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

3 115 145 Very Low 4,286 4,821 5,357 445 605 770

House Unfurnished 3 175 225 Very Low 4,012 4,554 5,096 560 685 810

4 220 280 Very Low 4,880 5,747 6,506 735 940 1,140

5 310 395 Very Low 5,964 7,048 7,916 960 1,120 1,280

Bridel House Unfurnished 3 175 225 Very Low 3,655 4,149 4,643 560 685 810

4 220 280 Very Low 4,446 5,236 5,928 735 940 1,140

5 310 395 Very Low 5,434 6,422 7,212 960 1,120 1,280

Centre Ville Apartment Unfurnished 1 60 80 Low 2,099 2,392 2,782 195 260 325

2 90 115 Low 2,782 3,124 3,807 310 420 525

3 115 145 Low 3,417 3,905 4,490 445 605 770

4 130 170 Low 4,246 4,881 5,467 650 810 970

Furnished 1 60 80 Low 2,489 2,782 3,221 195 260 325

2 90 115 Low 3,124 3,612 4,393 310 420 525

3 115 145 Very Low 3,905 4,393 4,881 445 605 770

Centre Ville Apartment Serviced 1 55 75 Low 4,800 5,600 6,600 0 0 0

(Serviced)
Kirchberg Apartment Unfurnished 1 60 80 Low 1,996 2,275 2,646 195 260 325

2 90 115 Low 2,646 2,971 3,621 310 420 525

3 115 145 Low 3,250 3,714 4,271 445 605 770

4 130 170 Low 4,039 4,643 5,200 650 810 970

Furnished 1 60 80 Low 2,368 2,646 3,064 195 260 325

2 90 115 Low 2,971 3,436 4,179 310 420 525

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Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

3 115 145 Very Low 3,714 4,179 4,643 445 605 770

House Unfurnished 3 175 225 Very Low 3,477 3,947 4,417 560 685 810

4 220 280 Very Low 4,229 4,981 5,639 735 940 1,140

5 310 395 Very Low 5,169 6,108 6,860 960 1,120 1,280

Limpertsberg Apartment Unfurnished 1 60 80 Low 2,252 2,567 2,986 195 260 325

2 90 115 Low 2,986 3,352 4,086 310 420 525

3 115 145 Low 3,667 4,190 4,819 445 605 770

4 130 170 Low 4,557 5,238 5,867 650 810 970

Furnished 1 60 80 Low 2,671 2,986 3,457 195 260 325

2 90 115 Low 3,352 3,876 4,714 310 420 525

3 115 145 Very Low 4,190 4,714 5,238 445 605 770

House Unfurnished 3 175 225 Very Low 3,655 4,149 4,643 560 685 810

4 220 280 Very Low 4,446 5,236 5,928 735 940 1,140

5 310 395 Very Low 5,434 6,422 7,212 960 1,120 1,280

Merl Apartment Unfurnished 1 60 80 Low 2,099 2,392 2,782 195 260 325

2 90 115 Low 2,782 3,124 3,807 310 420 525

3 115 145 Low 3,417 3,905 4,490 445 605 770

4 130 170 Low 4,246 4,881 5,467 650 810 970

Furnished 1 60 80 Low 2,489 2,782 3,221 195 260 325

2 90 115 Low 3,124 3,612 4,393 310 420 525

3 115 145 Very Low 3,905 4,393 4,881 445 605 770

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Square Meters Monthly Rent Utility Cost

Cost Category Neighborhood Property Furnishings Bedrooms Availability
EUR EUR
Low High
Low Typical High Low Typical High

5 - Exclusive Belair Apartment Unfurnished 1 75 95 Low 2,733 3,170 3,607 195 260 325
Area
2 105 135 Very Low 3,498 4,045 4,810 310 420 525

3 130 170 Very Low 4,810 5,684 6,231 445 605 770

House Unfurnished 3 205 255 Very Low 4,983 5,513 6,255 560 685 810

4 240 310 Very Low 5,619 6,361 7,210 735 940 1,140

5 330 420 Very Low 6,998 8,058 9,118 960 1,120 1,280

Centre Ville Apartment Unfurnished 1 75 95 Low 2,422 2,810 3,198 195 260 325

2 105 135 Very Low 3,101 3,585 4,263 310 420 525

3 130 170 Very Low 4,263 5,039 5,523 445 605 770

Centre Ville Apartment Serviced 1 65 85 Low 6,200 7,200 8,000 0 0 0

(Serviced)
Kirchberg Apartment Unfurnished 1 75 95 Low 2,298 2,666 3,034 195 260 325

2 105 135 Very Low 2,942 3,401 4,045 310 420 525

3 130 170 Very Low 4,045 4,780 5,240 445 605 770

Limpertsberg Apartment Unfurnished 1 75 95 Low 2,547 2,954 3,361 195 260 325

2 105 135 Very Low 3,260 3,769 4,482 310 420 525

3 130 170 Very Low 4,482 5,297 5,806 445 605 770

House Unfurnished 3 205 255 Very Low 4,417 4,887 5,545 560 685 810

4 240 310 Very Low 4,981 5,639 6,390 735 940 1,140

5 - Exclusive 5 330 420 Very Low 6,202 7,142 8,082 960 1,120 1,280
Area

Disclaimer:

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Mercer LLC. has made reasonable commercial efforts in order to offer the most current information. The calculation is provided on an "AS-IS" basis. This calculation result is provided for information purposes only
and is not intended or implied to be a substitute for professional advice. In no event shall Mercer LLC. be liable for any damages, losses or expenses, including without limitation, direct, indirect, special, incidental, or
consequential damages arising in connection with the use or interpretation of the information contained herein.

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 Location Information for Luxembourg, Luxembourg
Survey Date: March 2023 Survey

Security

Security for Luxembourg

Security alarms are common for both apartments and houses.

Neighborhood Notes

Neighborhood Notes for Luxembourg

The International School of Luxembourg is located close to Merl. This peaceful residential area in the western part of the city confines to the East with Belair - one of the most expensive and
exclusive neighborhoods of Luxembourg.

Preferred Neighborhoods

Exclusive: Centre Ville, Belair, Centre Ville (Serviced), Kirchberg, Limpertsberg

Expensive: Centre Ville, Belair, Merl, Centre Ville (Serviced), Kirchberg, Limpertsberg, Bridel
Moderate: Senningerberg, Howald, Merl, Strassen, Kirchberg, Limpertsberg (Serviced), Bereldange, Limpertsberg, Mamer
Less Expensive: Bonnevoie, Strassen, Cents, Bertrange, Gasperich
Least Expensive: Bonnevoie, Bertrange, Gasperich

Market Conditions/Trends

Market Conditions/Trends for Luxembourg

Rental values in Luxembourg have been rising over the past months, especially in the apartments segment. There is a shortage of accommodation to let in the city. High interest rates make
housing purchase not affordable for many residents. Therefore, demand for rental properties is growing, which puts a pressure on rents. The availability of rental properties has considerably
decreased. Houses to let are currently unavailable in the city centre.

Furnishings

Furnishings for Luxembourg

Furnished properties generally include all furniture, linens and appliances. Unfurnished properties usually have a fully equipped kitchen, including cooker and oven.

A lot of properties have air-conditioning units.

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Additional Costs

Additional Costs for Luxembourg

Housing allowance and free accommodation provided by employer are taxable.

Additional Costs for Luxembourg

Service charges for apartments are generally not included in the rent. These charges are typically 10-20% of the base rent, and cover the cost of elevators, communal lighting and cleaning,
garbage and snow removal, and general maintenance of common areas.

Garage is usually included in the rent. If not, monthly costs amount to approximately EUR 150-400.

Tenant is responsible for cable TV fee.

General Observation

General Observation for Luxembourg

If available on the market, apartments of more than four bedrooms are usually shared in Luxembourg (student accommodation).

Lease Information

Lease Information for Luxembourg

Diplomatic clauses can usually be easily negotiated into the lease agreement, if not already included.

A typical apartment lease is signed for one year, with the option to renew. The typical house lease is signed for three years.

Initial Costs & Fees

Initial Costs & Fees for Luxembourg

Most landlords require a deposit of one to three months' rent. Broker's fee of one to three months' rent plus 17% VAT is standard.

Utility Costs

Utility Costs for Luxembourg

Utilities are not included in the rent and are paid separately by the tenant. Utilities usage depends on several factors and can differ depending on the property type (size of the garden, drilling, the
house being connected to the drainage system or having a septic tank, the property being a "smart house").

Sources

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Sources for Luxembourg
Housing rental market data is derived from multiple sources of information, such as local rental agencies, pricing agents, public information and Mercer rental market research.

Disclaimer:
Mercer LLC. has made reasonable commercial efforts in order to offer the most current information. The calculation is provided on an "AS-IS" basis. This calculation result is provided for information purposes only
and is not intended or implied to be a substitute for professional advice. In no event shall Mercer LLC. be liable for any damages, losses or expenses, including without limitation, direct, indirect, special, incidental, or
consequential damages arising in connection with the use or interpretation of the information contained herein.

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