Rent in the Hohenzollernkarree: Urban corrections against usury!

Rent in the Hohenzollernkarree: Urban corrections against usury!

In Munich, the housing company Münchner Wohnen again actively worked on the price transparency. After the municipal housing company acquired the 230 apartments in the Hohenzollernkarree for 125 million euros in 2023, the rental contracts have now been checked and corrected on site. This initiative shows that Munich remains in when it comes to fair rental prices. The facility in the Schwabing-West district, surrounded by the Clemens, Erich-Kästner, Herzog and Fallmerayerstrasse, was examined in detail to identify and report excessive rental prices, such as how tz.de reported.

Christian Müller, Managing Director of Münchner Wohnen, gave insights into the review. He emphasizes that usury rents, even with old contracts, are not tolerated. The correction of two tenancy, which was over 150 % of the valid rent index, was particularly striking. Both contracts were adjusted and overpaid amounts were reimbursed. This marks a further step in combating rental usury.

Current rental price development

The average rental price for the old contracts is now 19.05 euros per square meter, while rents for new rentals in the Hohenzollernkarree are EUR 15.08 per square meter. The city ensures that all residents have been informed in writing about the results of the examination and that the customer service of Münchner Wohnen is available for questions.

In order not to lose track in the jungle of rental prices, reference should be made to the new rent index for Munich, which is to be decided on March 20, 2025 by the city council social committee and will soon be confirmed by the general assembly. The rent index is updated every two years and offers essential orientation for tenants and landlords. The data for the creation is based on a comprehensive sample of the residents' registration register, including all new rental contracts or rental adjustments that were carried out between February 2018 and January 2024, as the city of Munich explains on its website: city Munich.

The numbers speak a clear language: The average net rent in the new rent index is given as 15.38 euros per square meter, which means an increase of 5.5 % compared to the previous rent index from 2023. Increases of up to 15 % in certain housing categories, especially for smaller units or new buildings, are recorded. Despite the price adjustments, there is still high pressure on the rental market in the most sought -after locations.

legal framework conditions

These adjustments and innovations are necessary to meet the legal requirements in accordance with Section 558 d BGB. This means that rent increases in general have to be justified, with the current rent index playing a central role. It is all the more important that it is updated regularly and any adjustments within the capping limit of 15 % in three years are made, which is more strict than the nationwide regulation of 20 %. Tenants have the right to agree to a rent increase or reject them, whereby partial approval is also possible. If there is an increase, the tenants have to terminate time by the end of the second month after receipt of the increase in increase.

The rent index is relevant for all freely financed apartments and can be viewed on mhmmuenchen.de. It remains exciting for the Munich living situation, because despite increasing rental prices, the city shows clear willingness to campaign in the interests of its tenants and the efforts for fair living conditions.