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Berlin - 10 Year Rental Contracts


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#1 pipeslice

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Posted 01 July 2009 - 09:16 PM

We have purchased a property in Berlin in 2007 and signed up with a 10 year rental guarantee with a real estate company. Things were running smoothly until last month when we noticed the rent was not lodged into our bank account. Has anyone else had similiar experiences and if so what have you done about it? I would be grateful for your advice.
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#2 buyer

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Posted 02 July 2009 - 06:58 PM

We have purchased a property in Berlin in 2007 and signed up with a 10 year rental guarantee with a real estate company. Things were running smoothly until last month when we noticed the rent was not lodged into our bank account. Has anyone else had similiar experiences and if so what have you done about it? I would be grateful for your advice.


Hi, We are in the same position and have been unable to get in contact with the rental company. Any dvice would be gratefully appreciated

#3 pipeslice

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Posted 02 July 2009 - 07:16 PM

Hi, We are in the same position and have been unable to get in contact with the rental company. Any dvice would be gratefully appreciated


Hi buyer - what is the name of your rental company? Regards Pipeslice
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#4 buyer

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Posted 02 July 2009 - 08:10 PM

Dr Ochel. Hope it's okay to mention names. The last post was my first ever so I'm not sure about form rules etc.
Please let me know how I can contact you or if you can contact me by email.

#5 pipeslice

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Posted 02 July 2009 - 08:55 PM

Dr Ochel. Hope it's okay to mention names. The last post was my first ever so I'm not sure about form rules etc.
Please let me know how I can contact you or if you can contact me by email.


Hi Buyer this is our first time on this forum as well and we have tried to contact you directly but it comes up as an error - ours is the same company as yours. Can you try contacting us via private message and I will send your our e'mail address. Regards Pipeslice
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#6 buyer

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Posted 02 July 2009 - 11:34 PM

Hi, I've tried to contact you but I'm getting the error message. I have just ticked a box below - enable email notification of replies - hopefully this will let you email me. If not, let me know how to send a private message. Thanks

#7 pipeslice

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Posted 03 July 2009 - 07:54 AM

Hi, I've tried to contact you but I'm getting the error message. I have just ticked a box below - enable email notification of replies - hopefully this will let you email me. If not, let me know how to send a private message. Thanks



Hi Buyer, We have tried to send a private message to you and it won't let us - it is coming up 'error'. Have you an old sim card with a phone number and we could text you our details for contact? We have sent an e'mail to the administrator on 'house price crash forum' to find out how to send private messages but they haven't come back to us.
Regards

Pipeslice
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#8 buyer

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Posted 03 July 2009 - 10:33 AM

Hi Buyer, We have tried to send a private message to you and it won't let us - it is coming up 'error'. Have you an old sim card with a phone number and we could text you our details for contact? We have sent an e'mail to the administrator on 'house price crash forum' to find out how to send private messages but they haven't come back to us.
Regards

Pipeslice



#9 buyer

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Posted 03 July 2009 - 10:35 AM

Hi again, Try this number . We are in Belfast by the way. Hope to speak soon!!!!


MOD EDIT ; sorry it is against the forum rules to post personal info such as mobile numbers. This is for your own protection.


As newbies you cannot PM each other - you have to apply for full membership on the upgrade forum. You have to have about 30 posts though to qualify.

#10 mcj320p

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Posted 14 July 2009 - 06:08 PM

We have purchased a property in Berlin in 2007 and signed up with a 10 year rental guarantee with a real estate company. Things were running smoothly until last month when we noticed the rent was not lodged into our bank account. Has anyone else had similiar experiences and if so what have you done about it? I would be grateful for your advice.


Hello, I (and several other investors in Berlin) had a similar problem with a 10 year rental contract. However this was not with the company you mention, but another one offering a similar deal. In my case they first stopped paying the housing costs (hausgeld) for which I, the owner then became liable. Later the rental payments to me dried up. (There is a separate thread from another investor on this subject, by the way). The company had stopped responding to calls / e-mails etc, but via my lawyer I found out that the rental pool was not sufficiently funded by the rents coming in to pay out the agreed amounts to the owners. Eventually, the system collapsed altogether and I had to then revoke my POA with the company and set up a new agreement with another rental managment firm - this time receiving the actual rent from the tenant (minus hausgeld and management fees). This is now a much lower figure than the net rent promised on the original deal. The whole episode was painful / expensive & I hope your case is different. However, I would recommmend firstly pressing the management company for an explanation. If you're not getting anywhere or of you feel a similar problem is emerging, involve your lawyer ASAP. Mines was excellent in helping to revoke the agreement etc, although attempts to recover the losses from the original company have not been successful. Good luck.

By the way, if you don't mind me asking, where is your apartment and which selling agent did you buy through?

#11 Dan01

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Posted 15 July 2009 - 10:09 PM

Dr Ochel. Hope it's okay to mention names. The last post was my first ever so I'm not sure about form rules etc.
Please let me know how I can contact you or if you can contact me by email.



I am in the same boat. I have 3 x Berlin 10 Year deals.

However have had missed rent, as above, and also letters mentioning I should sign for a leser rent until the market improves

Not speaking or reading german does not help!

I am going to look further into this in next few days, and will keep you informed

Regards

#12 belfast72

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Posted 16 July 2009 - 11:01 AM

Hi again, Try this number . We are in Belfast by the way. Hope to speak soon!!!!


MOD EDIT ; sorry it is against the forum rules to post personal info such as mobile numbers. This is for your own protection.


As newbies you cannot PM each other - you have to apply for full membership on the upgrade forum. You have to have about 30 posts though to qualify.



we are in the same boat - having difficluties getting any answers from anyone in Germany

#13 belfast72

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Posted 16 July 2009 - 11:03 AM

Hi buyer - what is the name of your rental company? Regards Pipeslice



In the same boat - no contact worth mentioning from Dr O.

#14 buyer

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Posted 16 July 2009 - 05:07 PM

we are in the same boat - having difficluties getting any answers from anyone in Germany


Hi there
Same here. Have tried posting my mobile number here but it was removed. Apparantly you have to have at least 30 posts before you can register and contact other members. It would be useful if we could get as many people as possible in the same situation - then we could maybe seek legal advice as a group or instruct a new management company - if needed. I have been in contact with two other people who are in the same boat.
By the way I'm from Belfast - I take it you are???
Hope we can speak soon!!!!!

#15 buyer

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Posted 16 July 2009 - 05:11 PM

I am in the same boat. I have 3 x Berlin 10 Year deals.

However have had missed rent, as above, and also letters mentioning I should sign for a leser rent until the market improves

Not speaking or reading german does not help!

I am going to look further into this in next few days, and will keep you informed

Regards

Hi there
Same here. Have tried posting my mobile number here but it was removed. Apparantly you have to have at least 30 posts before you can register and contact other members. It would be useful if we could get as many people as possible in the same situation - then we could maybe seek legal advice as a group or instruct a new management company - if needed. I have been in contact with two other people who are in the same boat.
Hope we can speak soon!!!!!




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