Notice of own need: Termination for own use after purchase of a rented property

Notice of own need – You buy a rented property and now want to move in yourself? This is also possible with a notice of own need. The prerequisite for this is that you either have comprehensible reasons yourself or a beneficiary moves into the property. Find out here everything you need to know about the deadline for terminating a personal need, the important reasons and the beneficiaries.

Notice of termination of own use: Definition & Explanation

So if you acquire a property that is already rented out, this does not mean that you have to continue renting it out. On the contrary: In some cases, you can even move into your new property shortly after the purchase. For this, you must then prepare a notice of own need and submit it.

Deadline for the declaration of own need: 3 to 9 months

Let us now take a step-by-step look at the details of such a termination.

Demonstrable reasons for own use: desire for children, old age & Co.

You must therefore provide reasons for the termination of the tenant. Not every reason is also a reason for own need. Instead, you must be able to show that you have to move into the house or apartment for compelling reasons and have no alternative. Illness, old age or pregnancy can be such reasons.

Here are some examples:

  • Desire to have children
  • Living space extension
  • Professional move
  • Replacement apartment
  • High age
  • Disease

Notice for beneficiaries: From children to grandma

In addition, you can also terminate the tenants if a person benefiting you urgently needs the living space. This includes grandchildren, life partners and also children-in-law and parents.

Beneficiaries include:

  • Children
  • Parents
  • Grandparents
  • Siblings
  • Grandson
  • Nieces and nephews
  • Children-in-law and parents-in-law
  • Spouse
  • Life partner

Cousins, great-nephews and -nieces, as well as step-grandchildren also belong to the group of beneficiaries. In some cases, you will need proof of the exact background and the relationship between you and the person.

Reading tip: Everything about buying real estate

If you want to learn even more on the subject of buying a property, whether owner-occupied or capital investment, numerous articles, guides on the subject of rented vs unrented, as well as checklists, all free and 24 hours online available, with us!

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