What responsibilities do I assume with the purchase of leased real estate?

We answer these and many other questions in our video blog editions.

Here is the transcript of episode 16 to read:

The question of responsibility is a nice question that I am very rarely asked, but I would like to answer it anyway.

In Germany, we have a problem with too few properties, especially too few high-quality properties in the big cities. For this reason, 40 million tenants urgently need good housing.

As a landlord, you could take responsibility by having a condominium professionally rented out by a management company. By making sure that there is enough housing for 40 million tenants, you have taken responsibility. I think that's a wonderful task and a great benefit for you as a landlord because you're doing something meaningful.

The rewards are enormous. Your tenant pays off the property and the state also supports you, because it knows how urgently housing is needed. It is valuable that there are people like you who want to buy rented real estate. The state supports this with high tax benefits.

That's why, if you want to take responsibility or ask for responsibility, you can say quite clearly: "Yes, it is responsibility. It is a responsibility to ensure that there is affordable and good housing."

Keywords:
Real estate, landlord, responsibility, housing, tenant, condominium, management, tax benefits