Landlord certificate, landlord confirmation – If you move into an apartment or a house, the so-called landlord certificate is always an important issue that should be considered to avoid unnecessary costs. How profitable is renting? See our rental yield calculator. It was introduced due to a large number of so-called bogus adresses, which were often […]
The rent including utilities is the total rent that a tenant pays monthly to the landlord — consisting of the cold rent (pure compensation for the use of the living space) plus the warm operating costs for heating and hot water. It is therefore the amount that actually comes off the account, but not the […]
Gross rent – Gross rent is when all ancillary costs for a rented property are directly included in the rent and no further costs are incurred. More financial tips: finance guide. A distinction is made between the gross warm rent and the gross cold rent. In the case of the warm rent, all operating costs […]
Index rent – Index rent is a variable rent, which means that an agreed basic rent is changeable. It is therefore a written agreement where the rent may only refer to the consumer price index (CPI). Our financial tips helps. However, if the contract refers to any other index, it is invalid. Furthermore, the rent […]
Standard land value (Berlin) – The standard land value refers to the land and the undeveloped property. Explore opportunities: Berlin property. This is the average site value in euros per square metre for the land in an area, taking into account the different development status. In Berlin, the standard land values from 1964 until today […]
Annual statement – Each condominium owner is obliged to bear the costs of common property, maintenance and repair of common use, which are recorded and settled in the annual statement. The costs to be paid include operating costs such as street cleaning, refuse collection and property and liability insurance, but also heating costs. Our guide: […]
Annual freeze period – If the landlord wants to increase the rent, he can only demand this if the rent has been unchanged for 15 months. These 15 months are made up of the 12 months of the annual freeze period and the three months of the tenant’s cooling-off period. The annual freeze period is […]
Who buys a rented property not only takes over walls and land register entry — they automatically take over every ongoing tenancy agreement. The principle “purchase does not terminate rent” is enshrined in § 566 BGB and belongs to the most important regulations for investors entering the existing market. For buyers, this means: existing lease […]
Rental agreement – The rental agreement is a written contract prepared by the broker for the tenant and landlord. More on Lukinski. This contract must form the basis of any tenancy in order for the relationship to stand up legally for both parties. The lease contains the obligation of the landlord to grant the tenant […]
Rental deposit – The rental deposit is a classic security deposit that the tenant pays to the landlord. Visit Lukinski.com. 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 […]
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, […]
The real estate agent commission has been legally revised in Germany since December 23, 2020 — and exactly that makes it an often underestimated factor in real estate investments. When purchasing a condominium for 500,000 €, the commission in many federal states represents an additional burden of 17,850 € gross, which directly reduces the capital […]