Rental deposit – The rental deposit is a classic security deposit that the tenant pays to the landlord. The purpose of the rent deposit is to protect the landlord in the event that the tenant can no longer meet his contractual obligations and pay the rent. The tenant is allowed to pay this deposit in […]
The term rent defines a consideration received by a lessor from a person renting for the use of a thing. The use granted by contract is limited to a fixed period and differs significantly from a lease. According to the German Civil Code, property is objects with solid, liquid or gaseous bodies. Among other things, […]
Brokerage – An amount of money that a real estate agent or real estate company receives when a purchase, rental or lease agreement is successfully brokered. In real estate, these amounts are set by law and are based on the purchase price of a property or the set monthly rent for the particular rental property. […]
Cold rent – The cold rent refers to the rental price, without the inclusion of additional costs. Many landlords demand an advance payment for ancillary costs in addition to the cold rent. Depending on whether the actual consumption was higher or lower, the tenant is refunded the difference at the end of the year, or […]
The handover is an important date for both the old and the new tenant. The old tenant hands over his last claim to the property and the new tenant gets access to the property and can start moving in. However, there are a number of things that need to be taken into account on this […]
In most cases, the rent deposit amounts to three cold rents and is therefore a considerable sum. The landlord takes this as security in case the tenant does not pay the rent or does not leave the rental property as it was stated in the contract. If all goes well, the tenant should get the […]
