{"id":119176,"date":"2022-10-26T10:21:30","date_gmt":"2022-10-26T10:21:30","guid":{"rendered":"https:\/\/www.vpmk.de\/real-estate-investment\/property-management-and-renting\/"},"modified":"2024-04-19T10:17:06","modified_gmt":"2024-04-19T10:17:06","slug":"property-management-and-renting","status":"publish","type":"page","link":"https:\/\/www.vpmk.de\/en\/real-estate-investment\/property-management-and-renting\/","title":{"rendered":"Property management and renting"},"content":{"rendered":"

[vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”3″ bottom_padding=”3″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ enable_top_divider=”default” top_divider=”step_3_4″ shape_top_flip=”yes” shape_top_h_use_pixel=”true” shape_top_height_percent=”4″ shape_top_color=”color-207218″ shape_top_opacity=”45″ shape_top_index=”0″ medium_visibility=”yes” mobile_visibility=”yes” uncode_shortcode_id=”919210″ shape_top_color_type=”uncode-palette”][vc_column column_width_percent=”100″ position_horizontal=”right” gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”4″ mobile_width=”0″ width=”1\/3″ uncode_shortcode_id=”157243″][uncode_vertical_text text_align=”top” vertical_text_h_pos=”0″ vertical_text_v_pos=”0″ z_index=”0″ text_font=”font-555555″ text_size=”h6″ text_weight=”300″ uncode_shortcode_id=”651046″]Verwaltung und Verwertung von Immobilien[\/uncode_vertical_text][vc_single_image media=”117745″ media_width_percent=”81″ alignment=”center” uncode_shortcode_id=”853099″][vc_row_inner limit_content=””][vc_column_inner column_width_percent=”78″ align_horizontal=”align_right” gutter_size=”2″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_width=”0″ width=”1\/1″ uncode_shortcode_id=”116232″][vc_custom_heading text_size=”h6″ text_weight=”400″ text_transform=”uppercase” uncode_shortcode_id=”177577″]Real Estate & Investments[\/vc_custom_heading][vc_empty_space empty_h=”2″][vc_custom_heading text_font=”font-555555″ text_size=”h6″ text_weight=”300″ uncode_shortcode_id=”498319″]Real Estate Acquisition in Germany<\/a>[\/vc_custom_heading][vc_separator sep_color=”” uncode_shortcode_id=”201093″][vc_custom_heading text_font=”font-555555″ text_size=”h6″ text_weight=”500″ uncode_shortcode_id=”184011″]Property management and renting[\/vc_custom_heading][vc_separator sep_color=”” uncode_shortcode_id=”201093″][vc_custom_heading text_font=”font-555555″ text_size=”h6″ text_weight=”300″ uncode_shortcode_id=”147818″]Real estate and taxes<\/a>[\/vc_custom_heading][vc_separator sep_color=”” uncode_shortcode_id=”201093″][vc_custom_heading text_font=”font-555555″ text_size=”h6″ text_weight=”300″ uncode_shortcode_id=”129005″]Corporate acquisition in Germany<\/a>[\/vc_custom_heading][vc_separator sep_color=”” uncode_shortcode_id=”201093″][vc_custom_heading text_font=”font-555555″ text_size=”h6″ text_weight=”300″ uncode_shortcode_id=”190780″]Venture Capital & Investments<\/a>[\/vc_custom_heading][vc_empty_space empty_h=”2″][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_width_percent=”90″ position_horizontal=”left” gutter_size=”2″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”4″ mobile_width=”0″ parallax_intensity=”3″ width=”2\/3″ uncode_shortcode_id=”199092″][vc_row_inner row_inner_height_percent=”0″ overlay_alpha=”50″ gutter_size=”3″ shift_y=”-2″ z_index=”0″ limit_content=”” uncode_shortcode_id=”101117″][vc_column_inner column_width_percent=”90″ position_horizontal=”left” gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”-3″ shift_y_down=”0″ z_index=”0″ medium_visibility=”yes” medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”1\/1″ uncode_shortcode_id=”197053″][vc_custom_heading heading_semantic=”h4″ text_size=”h4″ text_weight=”300″ uncode_shortcode_id=”195117″]Property management and renting[\/vc_custom_heading][vc_column_text text_lead=”yes” uncode_shortcode_id=”450569″]Property and condominium management<\/strong><\/p>\n

If you rent out residential or commercial space, it is usually sensible and necessary to hire a property management company. If your property is part of a condominium community (WEG), the management of your individual property is carried out by an individual property management company (SEV), while the management of the common property of the WEG is carried out by the WEG management.<\/p>\n

We can check and advise on the signing of SEV contracts. We can assist you and your SEV in questions of condominium law, tenancy law, legal succession, and public law (misappropriation, milieu protection, building law).<\/p>\n

Condominium law<\/strong><\/p>\n

When you acquire residential property or partial ownership thereof, you automatically become part of a condominium community (WEG). The rules of condominium communities can be found in the Condominium Act (which is also abbreviated to \u201cWEG\u201d), in the declaration of division of the WEG (which contains the community rules), and in the WEG resolutions. The rules concern the rights and duties of the WEG administration and of the condominium owners among themselves, as well as the procedures for passing WEG resolutions.<\/p>\n

In questions concerning the WEG, the WEG administration should be the first point of contact, as it runs and represents the affairs of the WEG. Legal assistance is necessary and useful when questions are difficult or contentious and the right course of action must be determined. Is the consent of the WEG administration or the condominium owners required? If so, which resolution proposal is appropriate? Can a resolution be successfully challenged? What rights does the WEG have vis \u2013 \u00e0 \u2013 vis third parties (e.g. neighbours, utilities, construction companies) or vis \u2013 \u00e0 \u2013 vis individual condominium owners or the administration?<\/p>\n

We would be happy to advise you \u2014 whether as a condominium owner, condominium management, or condominium association \u2014 and to protect your rights according to condominium law out of and in court. It would be helpful to provide us with relevant documents (declaration of division, if applicable WEG minutes, purchase agreement, correspondence) in advance as PDF files. Within the scope of the mandate, however, we can also request documents from third parties (WEG administration, notary, land registry).<\/p>\n

Tenancy law<\/strong><\/p>\n

If you acquire rented real estate in Germany, you automatically enter into existing tenancy agreements along with your ownership (\u00a7 566 BGB). In this case, the review of the tenancy agreement and our advice on it are part of the necessary legal due diligence at the time of acquisition, so that you can make a reliable forecast of the expected rental income and be aware of the costs and possible problems as well as of your rights and obligations in connection with the tenancy.<\/p>\n

In the case of new leases, we can draft and review the lease agreement, as needed in multiple languages. If necessary, we can represent and advise you in negotiations and monitor the effective conclusion of the contract as well as its implementation until the handover of the leased property.<\/p>\n

Should questions or problems arise during the rental period, we will provide you with competent and uncomplicated assistance, whether out of court, in court, or during enforcement proceedings.<\/p>\n

Residential tenancy agreement<\/em><\/p>\n

In residential tenancy law, the law and case law provide the landlord with many guidelines as to what they may regulate in the tenancy agreement, in particular to which extent they may pass on obligations to the tenant.<\/p>\n

The landlord should therefore exercise particular care and be aware of risks should they deviate from standardized lease clauses or use older lease forms. Missing information or invalid clauses can lead to surprises and additional costs. Some examples are: the information on the amount of rent, the information about ventilation, the provision on the passing on of cosmetic repairs, or the agreement on the only temporary use of the living space.<\/p>\n

Commercial tenancy agreement<\/em><\/p>\n

In commercial leases, both parties must exercise particular care when concluding and amending the contract.<\/p>\n

As a rule, the landlord\u2019s interest lies in securing rental income over a longer period of time. Important for this are the regulations on the rental period, to which the parties must agree in writing (\u00a7 550 BGB). In addition, there are agreements on the enforceability of rent claims, on rent security, on rent increases, on the passing on of accruing operating and maintenance costs, and on the limitation of warranty as well as the conclusion of insurance policies for this purpose.<\/p>\n

On the tenant side, the commercial enterprise should generate the rent. Often, alterations must be made to the rented premises for this purpose and permits must be obtained. In addition to regulating the rental period, option rights can be interesting so that initial investments pay off and operating costs remain calculable in the longer term.<\/p>\n

The lease agreement is therefore often extensive in commercial tenancy law. Understanding and agreeing to it is in the interest of both parties. The involvement of a lawyer is regularly advisable.<\/p>\n

Our services include:<\/strong><\/p>\n