13. HOW DO I RAISE MY OWN RENT IN GERMANY?
Rent in Germany, according to German law, can increase by no more than 15% in three years. Thus, the state maintains the level of rents and protects the rights of tenants. Exceptions may be when the apartment has been renovated or the living conditions have been improved. But at the same time the rent in Germany must not exceed the current market rent price in the same area, in a house and apartment of the same quality.
If, however, a new rental contract is signed with a new tenant after the previous tenant has moved out, the owner is entitled to raise the rent to the current market rental prices in the area.
Are you already the owner of the property in Germany? Talk to us: WIP Immobilien GmbH has extensive experience in property management and we are able to increase the rent of your property within the limits of the German law.