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Notice Of Intent To Sell Rental Property Template for Germany

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Key Requirements PROMPT example:

Notice Of Intent To Sell Rental Property

"I need a Notice of Intent to Sell Rental Property for my residential apartment building in Berlin with 12 tenant units, planning to sell to a development company in March 2025, with specific mention of condominium conversion rights."

Document background
The Notice Of Intent To Sell Rental Property is a crucial document in German property law that must be issued before proceeding with the sale of rented property. This notice is mandated by German civil law (BGB) and serves to protect tenant rights while allowing property owners to exercise their right to sell. It must be used whenever a landlord intends to sell a rental property, whether residential or commercial, and is particularly important in cases where the property might be converted to condominiums. The document must include specific information about the property, the intended sale, and the tenant's rights, especially their right of first refusal (Vorkaufsrecht). It also needs to address the principle of 'sale does not break hire' (Kauf bricht nicht Miete), ensuring tenants understand their lease remains valid after any ownership change. Local regulations and social protection clauses may add additional requirements depending on the property's location and circumstances.
Suggested Sections

1. Sender Details: Full name and address of the current property owner/landlord

2. Recipient Details: Full name and address of the tenant(s)

3. Date: Date of the notice

4. Property Identification: Complete address and description of the rental property being sold

5. Notice of Intent: Clear statement of intention to sell the property

6. Right of First Refusal Notice: Information about the tenant's legal right of first refusal (Vorkaufsrecht)

7. Continuation of Lease: Confirmation that the existing lease agreement remains valid under § 566 BGB

8. Contact Information: Details for further communication and questions

9. Signature: Landlord's signature and printed name

Optional Sections

1. Condominium Conversion Notice: Required if the property is being converted to condominiums, explaining the conversion process and additional tenant rights

2. Local Authority Requirements: Include if the property is in a special preservation area (Erhaltungsgebiet) or requires specific local authority notifications

3. Timeline of Sale: Optional information about the intended timeline for the sale process

4. Proposed Purchase Price: May be included if already determined and if relevant for the right of first refusal

5. Social Hardship Considerations: Reference to social clause protections if applicable to the specific situation

Suggested Schedules

1. Property Documentation: Current land register extract (Grundbuchauszug) and property details

2. Existing Lease Agreement: Copy of the current rental contract for reference

3. Property Valuation: If available, professional valuation report or proposed sale price documentation

4. Local Authority Certificates: Any required certificates or permissions from local authorities

5. Right of First Refusal Form: Standard form for tenant to exercise or waive their right of first refusal

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















Clauses















Relevant Industries

Real Estate

Property Management

Legal Services

Real Estate Development

Property Investment

Residential Housing

Commercial Property

Urban Development

Property Services

Relevant Teams

Legal

Real Estate Operations

Property Management

Compliance

Tenant Relations

Asset Management

Investment

Administration

Risk Management

Relevant Roles

Property Manager

Real Estate Attorney

Legal Counsel

Property Owner

Real Estate Agent

Compliance Officer

Housing Administrator

Tenant Relations Manager

Real Estate Investment Manager

Property Portfolio Manager

Legal Administrator

Real Estate Operations Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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