Rica aciR

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About Rica aciR

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  • Location Germany
  • Nationality German
  1. !!Emergency!!! I am in the final stages(Only Notary appointment is pending) of buying a rented out apartment. I just noticed that the rental contract has got 2 parts -Nachtrag and Mietervertrag. Nachtrag has got a person(B) added in 2016 as main tenant along with the exisiting tenant(Lets call him A.) A stayed from 1999 and expired before B moved in 2016. B pays a good amount as rent and stays in the apartment from 2016 only. So I thought if needed, it could be easier to invoke Eigenbedarf. I just noticed this point of Nachtrag and its link to original Mietervertrag. With this discovering, I am frightenend to conclude the deed.  1. Does B has the same rights as A? While calculating the period of tenancy, which contract is considered? Nachtrag only? 2. What are the problems, which can be expected? Has anyone experienced similar situation?   Thanks in advance.  
  2. Legal insurance for landlords - recommendations?

    Thank you all for your valuable suggestions. I am planning to go ahead with ARAG Premium legal insurance for landloards.  
  3. Hi All, I have decided to buy a rented apartment in Berlin and made the reservation too. I currently live on rented apartment and the existing tenants live there for 4.5 yrs.The real estate agent says that Eigenbedarf can be invoked, if needed for personal use. Though I do not intend to invoke Eigenbedarf immediately(not within 1 yr at least), I might do it in future. So could you please recommend a Rechtsschutz versicherung(landowner legal insurance) to buy? I plan to be part of Vermieter verein in addition to the above insurance. Also suggest other insurances to be bought,if any. Thanks. Have a great week ahead!
  4. Buying an apartment without seeing it - Berlin

    Thank you very much everyone... i can now see that this is not usually done this way in Germany.. I will post an update soon on the progress...  
  5. Buying an apartment without seeing it - Berlin

    One more thing which we feel odd here is.. wouldn't a Makler/seller first reach out to the tenants before trying to put out ad for the apartment ? i remember reading somewhere that they need to be informed first about the price and everything giving them an option to buy it before posting it publicly... 
  6. Buying an apartment without seeing it - Berlin

      Thank you very much for putting the process here. I will put in more time on this...  
  7. Buying an apartment without seeing it - Berlin

      We have the lease agreement, but his details have been blackened for privacy reasons :/ we do not have any information on his job... Property had Ok reserve, and Ok repairs planned in the protocol,,,   No plans of evicting the tenant... We are blind without having seen the apartment... i researched that this is common in he US were it is a "Seller's market"... so was wondering how it is here in Germany.    
  8. Buying an apartment without seeing it - Berlin

      Yes, out of all those, this seems to best suit us from every perspective... except that we haven't seen it yet..
  9. Buying an apartment without seeing it - Berlin

    Thank you. The agent has not ruled out the viewing appointment yet. They are trying to reach them personally  and if thats not  possible,  then will go for legal route to arrange few visiting. Nevertheless i wil request to provide their rent payment history as well.
  10. Hello Experts,   We are planning to buy a rented-out apartment in Berlin as an investment. We found an apartment which has the following :   1. Competition - Many competitors 2. Price - Selling price is ~20% - 30% lower than the evaluated price(not from experts but by online tools + our opinion having researched the market for a couple of years) 3. Neighborhood - Good location, shopping places, parks, schools, near a river. 4. Build - neu bau(1990+) sold by a very renowned organization. 5. Renovations - We are ready to renovate it in the next 5 years time. (Floors, plumbing, electrical lines, painting) 6. Legal complication - The tenant cannot be reached by the Selling broker(makler)for a viewing and they might have to do it via lawyer.     my Questions :  1. Is it possible to buy an apartment in Germany without seeing it ? Any personal experiences will be appreciated. 2. Will the bank approve a loan if we have not seen the apartment ?  3. Any other complications that might arise?   Best Regards,