Letting & administration

The lease cancellation agreement

The statutory period of notice is stipulated in every tenancy agreement. This is usually three months, but a shorter period can also be agreed. Sometimes, however, it becomes necessary for the tenant or landlord to get out of the existing contract earlier. In such cases, a lease cancellation agreement can be negotiated. However, in order to avoid trouble later on, everything should be set out as precisely as possible.

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Living space is in short supply in many German cities. Prospective tenants flock to viewings, bring application folders and in most cases have to continue their search. And even landlords sometimes find themselves in a situation where they need additional living space. In such cases, however, the tenant can only be given notice to quit if they give proper notice of their own requirements.

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Always a bit caught between two stools as an administrator

When the Black Label Property Management crew moved into the offices in Charlottenburg in spring 2017, there was initially still plenty of space in the shared office. Now, the office of Black Label Properties' independent management and letting service is bursting at the seams. Seven employees, five full-time and two dual IUBH students specialising in business administration and real estate, deal with the needs of owners and their tenants on a daily basis and are always a bit caught between two stools, says Heike Hentschel, CEO of Black Label Property Management, with a smile.

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