Our landlord advice team will be happy to help you.
Tel.: 089 340 823-44 | vermieterberatung@mrlodge.de
Lisa Hessner
Director Real Estate Rentals
Continuity instead of misappropriation of living space
Furnished rental - minimum rental period 6 months
Tourist cities such as Munich, Berlin and Paris have been suffering for years from the conversion of unfurnished apartments into vacation homes. The cities are taking massive action against this. The misappropriation of living space is also a major issue for the city of Munich.
While rentals of 3 months or more used to be tolerated, the city of Munich now punishes rentals of less than 6 months as misappropriation of living space. It only permits rentals to tourists for up to 2 months a year. Since the 2nd quarter of 2018, Mr. Lodge has set itself even further apart from these short-term rentals.
For over 10 years, we have not offered apartments for a minimum rental period of less than 3 months. In April 2018, we increased this period to 6 months so that our providers are on the safe side with their lettings and do not come into conflict with the City of Munich. With this offer, we are targeting prospective tenants who want to rent accommodation for the medium and long term. This has been the core demand for years. Approximately 90% of the placements have always been for rental periods of 6 months or more. 80% of the core demand was between 6 and 12 months. A rental agreement is often initially concluded for 6 months and then extended.
Who rents from Mr. Lodge?
For us, these are primarily people who are working in Munich for the medium to long term. In other words, consultants, project managers or expats from abroad. More and more often, they are people in their probationary period who do not yet know whether they will be taken on after moving to Munich or whether they want to stay. In all cases, finding a rental apartment is stressful and expensive. Furnished and equipped apartments are preferred.
What does Mr. Lodge want?
We want to offer owners the opportunity to rent out their apartments flexibly. At the same time, our offer is aimed specifically at professionals. When they are in Munich for 6 to 36 months, they don't want to live in a hotel - because it's too expensive and impersonal. At the same time, it would be far too expensive to rent and fully furnish an apartment in Munich for a year. The ready-to-live concept is the perfect solution for them. Our evaluations show that this is the right approach.
Advantages for you as a landlord
On the one hand, our rental concept offers landlords greater continuity, as tenants often extend their rental agreement if, for example, their project takes longer or they are taken on after the probationary period and want to take their time looking for accommodation. At the same time, you remain flexible with your capital investment.
