Should I buy a tenanted property for own-use in Germany? A trap or an opportunity?
Buying a tenanted property can have its advantages and disadvantages. The following article will walk you through some considerations on how you can and should approach buying a tenanted property in Germany.
Nick Mulder
Published on Oct 21, 2021 . Updated 8 months ago
With property prices rapidly increasing across Germany, many investors are seeing an opportunity to sell their rented properties for a handsome profit. But where does that leave you as a potential homebuyer?
Buying a tenanted property can have its advantages and disadvantages. The following article will walk you through some considerations on how you can and should approach buying a tenanted property in Germany. However, before we get started, we want to clarify that from a moral point of view it's very important to be aware of the impact this might have on potential tenants. We only support the notion of buying tenanted properties where the tenants can find similar, suitable housing.
Table of Contents
- Why are tenanted properties sold for less?
- Tenant Rights
- Cancellation for Own-use
- What are the notice periods for own-use?
- Extraordinary 10 year protection clause
- Exceptions for cancellation of own-use: Härtefälle
- Seeking legal help to make your claim for own-use formally correct
- Reaching a Settlement before Court
- A moral dilemma
