Rent increase after heating replacement: These are the limits for homeowners and tenants. (99 characters)

Rent increase after heating replacement: These are the limits for homeowners and tenants. (99 characters)

According to a report from www.t-online.de, the Building Energy Act introduces new obligations for homeowners. This could also impact tenants, but there are limits. The article explains that after replacing the heating system, a landlord may transfer a maximum of 8 percent of the modernization costs to the annual rent, in accordance with Section 559 of the German Civil Code (BGB). In addition, the rent may not increase by more than 20 percent within three years (cap limit), and in particularly tense residential areas only by 15 percent. Another limitation is that the rent may not be increased by more than 3 euros per square meter of living space within six years if this is justified by a modernization measure. If the previous rent is less than 7 euros per square meter, the limit is only 2 euros per square meter.

From this information it can be deduced that rent increases after a heating replacement are limited by the Building Energy Act. This can have an impact on the real estate market and the real estate industry. Homeowners may be hesitant to replace their heaters if they know there are limits on rent increases. This could in turn influence the demand for heating replacement and thus the sales of companies in the heating industry. Tenants will also benefit from this limit as they may be spared higher rental costs.

It remains to be seen how the Building Energy Act will impact the real estate market and the real estate industry in the long term. It could lead to increased use of energy-efficient heating systems and thus contribute to a more sustainable and cost-effective real estate industry. However, the boundaries and limitations of the law also need to be monitored to ensure that both landlords and tenants are treated fairly.

Source: According to a report from www.t-online.de