Rental management

A market rent is normally determined by supply and demand. It takes into account factors such as the location of the Real Estate, size, condition and amenities and is determined based on comparable rental properties in the same area. However, the market rent should be in line with the applicable rental laws and regulations.

Operating costs associated with the use of the rented property may be charged to the tenant. Repairs are not included in the service charges. Examples of ancillary costs that may not be charged on: Administration costs, building insurance, acquisition costs of tools and machinery, etc.

Yes, a lump sum of approx. 3 percent may be claimed on the heating/utility bill.

Tenants must rectify minor defects in the apartment themselves. However, only if this can be done easily by hand and without specialist knowledge. The landlord must pay for the removal of defects and damage caused by normal wear and tear. Tenants only have to bear the costs if they have had a mishap or the wear and tear is excessive. If the service life of the broken item/component has expired in full or in part, the landlord must bear the costs in full or on a pro rata basis.

If you fail to pay the rent without good reason, tenancy law is strict: after a reminder has expired in which you set a payment deadline of 30 days, you can terminate the tenancy agreement by way of extraordinary termination. This can be done with a further 30 days' notice to the end of the month.