5 questions and 5 answers about selling rental apartments - all the important information for tenants

5 questions and 5 answers about selling rental apartments - all the important information for tenants

According to a report by www.badische-zeitung.de, a rental apartment is for sale and this can cause discomfort for many tenants. In such a situation, many tenants fear that in the medium term there will be either a rent increase or a termination from the new landlord due to their own needs. But what rights and obligations do tenants actually have in this situation?

Right of first refusal when selling the rental apartment

Regardless of whether the rental agreement contains a right of first refusal clause or not, tenants have a legal right of first refusal if the owner wants to convert the apartments into condominiums and sell them to a third party. This allows tenants to purchase the apartment under the same conditions as negotiated with a third party.

Right to privacy during viewings

Tenants must allow potential buyers into the apartment to view it, but they can insist that the landlord or at least the manager accompany them. In addition, interested parties have no right to photograph the living spaces.

Takeover of the rental agreement by the new owner

When purchasing the property, the new owner also takes over the existing rental agreement. He or she can only terminate the contract in accordance with the general regulations.

Notice periods and termination for personal use

In principle, a notice period of three months applies, which is extended by three months for the landlord after five and eight years since the transfer. Termination by the new landlord for personal use is only possible after three years at the earliest and can even be postponed for up to ten years under certain conditions.

Knowledge of these rights and obligations is therefore crucial in order to be able to react appropriately as a tenant in such situations. The legal regulations give tenants a certain level of security and protection in an often unsafe and stressful environment.