Persius, most of what you say I agree with, but in the above case some investors would prefer to have a sitting tenant because it guarantees an instant cashflow and reduces the cost and trouble to the landlord of having to look for a tenant or having the apartment lying empty.One of the main extra rights a tennant has is if/when you decide to sell the house. In general, you can only really evict the tennant if you can prove that an immediate family member needs the accomodation. If you sell the property with the tennant in place, the new purchaser doesn't even have this right for a certain period, and I think it's as much as 10 years. So the house will be worth less than an equivalent house without a sitting tennant.
Can anyone direct me to a website or source of info that covers rights of tenants (all i know is that they're v.well protected) - taxation issues, costs of purchase, capital gains on disposal etc etc, allowable deductions etc.
Everyone seems keen on Berlin...any advice?
15-20 years is a long time and it should be a good investment over that period - Berlin is in both East and West Germany so the last poster seems to be wayward ...
Hi can anyone recommend a contact(s) for English speaking German mortgage brokers/banks for investment mortgage in Germany? thanks
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