Real Estate: Tenancy Law Reform Hits Landlords Hard – Hundreds of Euros Less
What restrictions the reform plans presented now by Minister of Justice Hubig provide for owners and landlords - and how much they will change the market.
Germany's Federal Minister of Justice, Stefanie Hubig, has presented a new draft law to reform the country's rental law, which has been approved by the cabinet. The law proposes stricter regulations for private landlords, including a price cap for furnished apartments and new deadlines for rent increases. The draft law also introduces a two-month grace period for tenants who are behind on rent payments, allowing them to avoid eviction by paying off their debts within this timeframe.
The proposed changes have been met with criticism from landlord associations, including Haus & Grund, which represents 5.5 million private landlords in Germany.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
