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	<title>Beneficiaries | FIV | Magazine</title>
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		<title>Notice of own use: Reasons, beneficiaries &#038; Co. &#8211; Our guidebook</title>
		<link>https://fivmagazine.com/notice-of-own-use-reasons-beneficiaries-co-our-guidebook/</link>
		
		<dc:creator><![CDATA[Elisa]]></dc:creator>
		<pubDate>Wed, 17 Nov 2021 14:05:28 +0000</pubDate>
				<category><![CDATA[Buy]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Beneficiaries]]></category>
		<category><![CDATA[Cancellation]]></category>
		<category><![CDATA[Capital investment]]></category>
		<category><![CDATA[Condo]]></category>
		<category><![CDATA[Initial property]]></category>
		<category><![CDATA[Landlord]]></category>
		<category><![CDATA[Lijst]]></category>
		<category><![CDATA[Notice of own use]]></category>
		<category><![CDATA[Own use]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Reasons]]></category>
		<category><![CDATA[Rented]]></category>
		<category><![CDATA[Self-interest]]></category>
		<category><![CDATA[Tenant]]></category>
		<category><![CDATA[Unrented]]></category>
		<category><![CDATA[Yield]]></category>
		<guid isPermaLink="false">https://fivmagazine.de/notice-of-own-use-reasons-beneficiaries-co-our-guidebook/</guid>

					<description><![CDATA[Termination of own need &#8211; Buy a rented property and terminate the tenants due to own need? No problem, if you as a landlord have comprehensible, valid reasons why you need the property. Regardless of whether it&#8217;s a house or an apartment, here you&#8217;ll learn everything you need to know about owner occupancy. Rented property: [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Termination of own need &#8211; Buy a <a href="https://fivmagazine.com/buy-rented-or-unrented-owner-occupancy-capital-investment-co-advantages-and-disadvantages/" data-type="post" data-origin="de" data-origin-url="/?p=139506" data-id="153185">rented property</a> and terminate the tenants due to own need? No problem, if you as a landlord have comprehensible, valid reasons why you need the property. Regardless of whether it&#8217;s a house or an apartment, here you&#8217;ll learn everything you need to know about owner occupancy.</p>
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<h2> Rented property: termination due to own need</h2>
<p>Owners have the right to terminate because of own need, as long as the notice of own need meets all legal deadlines, which are 3 to 9 months. In general, you as landlord and owner must really need the apartment for yourself or a family member, there must be understandable and valid reasons.</p>
<p>Here are the facts in brief:</p>
<ul>
<li>Legal deadlines between 3-9 months</li>
<li>Comprehensible reason</li>
</ul>
<p>Read here everything about the <a href="https://www.immobilien-erfahrung.de/eigenbedarfskuendigung-kuendigung-eigenbedarf-vermieter-haus-wohnung/" target="_blank" rel="noopener">law on own use/</a> Immobilien-Erfahrung.de</p>
<h2>Own need: reasons and beneficiaries</h2>
<p>Own use must always be justifiable and may only be available for the closest family members.</p>
<h3>Reasons for own use: examples</h3>
<p>The desire to own must always have a long-term component; A short or temporary use as a transitional phase would not be a justification.</p>
<ul>
<li>Desire to live in own apartment / house</li>
<li>Desire to have children, housing expansion</li>
<li>Second home or house, absolutely necessary for professional reasons</li>
<li>&#8230;</li>
</ul>
<h3>Beneficiaries: Examples</h3>
<p>You can use personal use for yourself or for &#8220;beneficiaries&#8221;. But, who is included? Recognized are:</p>
<ul>
<li>Children</li>
<li>Parents</li>
<li>Grandparents</li>
<li>Siblings</li>
<li>Grandson</li>
<li>Nieces and nephews</li>
<li>Children-in-law and parents-in-law (if marriage still exists)</li>
<li>Separated spouses (without divorce petition)</li>
<li>Registered civil partner (without current request for annulment)</li>
</ul>
<h2>Next step: comparison of layer types</h2>
<p>You have the necessary change together and have decided to invest in a property. But where exactly do I buy this property? First of all, the question arises: <a href="https://fivmagazine.com/return-vs-investment-property-cash-flow-or-appreciation-advantages-and-disadvantages/" data-type="post" data-origin="de" data-origin-url="/?p=139121" data-id="153197">yield or investment property</a>? This question plays a major role in the choice of location of a property for <a href="https://fivmagazine.com/owner-occupation-vs-real-estate-as-an-investment-advantages-and-disadvantages-of-owning-a-home-a-comparison/" data-type="post" data-id="153205">capital investors but also owner-occupiers</a>. What exactly does A, B or C location mean and what are the differences? Read here everything about the location of real estate with its advantages, disadvantages and risks.</p>
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