German real estate: Rental losses during COVID 19

Rental losses during COVID 19

This paragraph is particularly relevant for you as a landlord

Ҥ2 Restriction of the termination of tenancy and lease agreements (on Art. 240 contractual regulations on the occasion of the COVID-19 pandemic)

1. The landlord cannot terminate tenancy and lease agreements in the period from April 1, 2020 to June 30 if the tenant doesn’t pay rent. The tenant has to proof that the missed rental payment is linked to the COVID 19- pandemic.

As a landlord you should only accept the following declarations

-Declaration in lieu of oath

- Proof of application / certificate of granting state support

- Official letter from the employer;jsessionid=70D0FB202D11D9F2340D70480EC88851.2_cid324?__blob=publicationFile&v=1

Deferral of real estate loans in Germany

Under the German law to mitigate the consequences of the COVID-19 pandemic, claims of repayments, interest or principal payments that are due between April 1, 2020 and June 30, 2020, may be deferred. Please refer here: Deferral in the context of consumer loan contracts during the corona crisis;jsessionid=2C227E798D632C497C5990E0A3DE9388.1_cid334?__blob=publicationFile&v=3

Covid-19 impact on the German real estate market