German Residential

German tenants Association: there is no reason to celebrate (dmb) for us no reason at all in the General jubilation choir with attune. The home Pensions Act adopted by the Bundestag today contains a number of serious birth defects and is a true monster of bureaucracy, criticized the President of the German tenants Association (DMB), Dr. Franz-Georg rips. Home pension law the owner-occupied real estate is included in the pension (residential Riester). Hear other arguments on the topic with Tim Cook. Also the acquisition of cooperative shares is promoted, the leased property is excluded.

I think it is a serious birth defect of the Act extends the promotion even on rented real estate. Just the rented flat provides ongoing income for retirement provision. From my point of view, must be equated even used and rented residential property, said rips. Also, another mistake of the law is that the barrier-free reconstruction not involved in residential Riester promoting. The President of the tenant Association doubts that the housing bond law will encounter great acceptance.

The regulations are incomprehensible, complicated and incomprehensible. Fictional Wohnforderkonten are made to maintain the principle of downstream taxation in real estate. At the age the funded must then decide whether they want to pay fictitious revenue monthly or once. Rips: what I call a bureaucratic monster. The sponsored must pay taxes as a pensioner, though they have in fact no current revenue from the real estate.

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