Best way to let apartment in Frankfurt

LouisCribben

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My friend has an apartment to let in Frankfurt (Rebstockpark)

She bought it in 2007, and the tenant is moving out soon.

Any suggestions about a good agency to help find a good tenant ?

I think in Germany the agencies require the tenant to pay the equivalent of a couple of months rent to them as a fee..... is this always the case ?

She is worried that the fact the agency charges the tenant a couple of grand might deter prospective tenants

The other option would be to advertise it on one of the German online letting sites, and go to Germany to meet prospective tenants on certain days, any suggestions ?
 
IMHO It is completely normal to pay at least one months up front rent in 'finding fee' costs to the agents in the German market and sometimes two, plus two or even three months 'kaution' rent deposit (which has to be invested in the name of the renter in a separate account) plus a months rent in advance. It is also normal to have to provide your own kitchen, to have to paint the apartment entirely white on exit, to replace damaged carpets etc. This all adds up to a huge cash burden for the tenant at both the start and end of the lease. For us 'foreigners' all of this sounds daft, but it shouldn't put off any prospective German tenants because this is the accepted practice in Germany. Having said that, if you can make your place more attractive by avoiding charging this fee to the tenant that's another matter. Frankfurt has plenty of ex-pats who would probably appreciate that. You may also want to advertise in the local paper, the Frankfurter Rundschau = http://fr-online.immonet.de/ , or to contact the HR departments from some big companies directly to see if they would be willing to take out a long term contract themselves for temporary use of their employees who are relocating. You can get standard legally-binding model rental contracts (Mietvertraege) online (e.g. http://www.allgrund.com/germany/leaseagreements/Landlord-and-Tenant-Lease-Agreement.html [broken link removed]), but you really need to know what you are signing. The Deutscher Mieterbund ev is a trusted source of information for tenants. Germans are more like Americans when it comes to use of the courts, as they tend to have legal protection insurance (rechtschutz). I would strongly suggest as a landlord in Germany to get good comparable legal insurance cover for landlords (rechtschutz fuer vermieter). e.g. [broken link removed] Beware: the courts also tend to side with the tenant in such cases, especially if you don't know the details of the rental system. Good luck.
 
Martin can you tell me if it's normally in rental contracts for the rent to increase annually ? I know there's some clause saying you can't put up rent by more than 2%.
Tenants tend to be long term so how does the rent get increased if you don't change tenants?
 

I only have limited recent experience in this one but I'll do my best to answer the question based on some research on German language websites. It used to be normal to have a fixed basic rent for very very long periods (Festmiete). The service charges (nebenkosten) could be varied based on real costs or publicly accepted formulas. But inflation in Germany was generally very low. Friends of mine typically had no rental raises for 5 years or even more. So indeed, the rent got relatively cheaper over time.

On this site () it says: Rental raises have to be notified formally in advance via a letter (Mieterhöhungserklärung). The raise can only be made effective at least every 15 months or longer since the last raise (Jahressperrfrist), and has to be justified either on the basis of an improvement to the property (Modernisierungen), via a specialist rental report (Sachverständigengutachten), or with reference to a rental database (ortsübliche Vergleichsmiete = generally accepted comparison rent for this neighborhood) or other rental database (Mietdatenbank), or with at least 3 named comparison properties, or quoting the qualified reference rent for the neighborhood (qualifizierten Mietspiegels). The rent is capped by various formulas (Kappungsgrenze), including the local reference rent +20%, and a maximum raise of 20% in 3 years. The tenant then has the right to either accept or challenge the intended raise within a reasonable time frame (3 months). The tenant has to accept if: the letter is properly written, the landlord is not asking more than the comparison rent, and the cap limits and time between raises have been observed.

Alternatively rent can be raised on the basis of a fixed reference formula/ index such as retail price inflation, agreed and built into the rental contract in advance (Staffel or Indexmietvertrag), but then you can't go back and use one of the other methods later on.

So there are many ways to justify raising the rent without changing tenants or contracts. I never saw a contract that included the indexation clause, but these type of contracts only became valid in about September 2001. But you certainly can't just write "I am going to raise the rent by 5% next month because the market will bear it, otherwise get out and I'll find someone else." The letter has to be properly worded and the raise justified quoting the relevant law, otherwise the tenant will almost certainly appeal against it, and win. Some local professional help is therefore advised.

However, on this site (which is a very reliable source of information) [broken link removed] it quotes a very recent ruling saying that the rent no longer has to be fixed to an open database if that information is generally publicly available. Instead the tenant has to gather his own (private) statistics to decide whether to accept or counter the raise.

I could not find any reference to the 2% rule you quoted, but I guess that would have been around the recent Retail Price Index applicable to an index related contract (Indexmietvertrag).

This brochure ISBN: 978-3-933091-67-3 tells you more about comparison rents and is pretty definitive (if you can read German): [broken link removed][]=Mieterh%F6hung

You can find officially recognized qualified reference rents for most cities in Germany (Mietspiegel) online here: [broken link removed]

If the requested rent is more than 20% higher than the applicable reference rent, the tenant can claim back the difference under civil law. If it is more than 50% higher than the reference rent it is a criminal offence of extortion. See [broken link removed]
 
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this girl wants a flat in Frankfurt [broken link removed]

or place an ad there anyway-english speaking expats will often prefer english speaking landlords but you must be able to get a tradesman out to fix that leaking pipe if the tenant calls you up in Ireland, hence a letting agency on a foreign property can be hassle free. You could try to let the property yourself then hand it over to an agent. Not sure if they'll like that but might be an ption.
 
@murphaph I'm pretty sure a German agent will want their finder's fee.... As for repairs, the landlord is generally responsible for all repairs to rental property in Germany, even minor ones, unless there is a specific clause in the rental agreement. But I have known ex-pat landlords to trust their ex-pat tenants to get repairs arranged and fixed themselves and then settle up the bill afterwards, even for quite major work, so as to avoid all of the middle men and agency fees. They agree the process up front e.g. tenant must call three qualified tradesmen and use the middle quote (in an attempt to avoid getting ripped off with the most expensive and also getting a poor job from the cheapest) and then the landlord accepts less rent the next month. I personally wouldn't want to get into this situation with a native German (I write this trying not to sound overtly racist, but it is just my personal experience that they can be culturally funny about housing and repairs e.g. sticking the landlord for an unreasonably large repair bill or using a trivial problem as an excuse to pay less than 100% rent until it is fixed but not actually lifting a finger themselves to do something very simple).