Commercial rent brake to be discussed in Parliament

12/08/2019

The newspaper “Süddeutsche Zeitung” reports that the Berlin Senate is launching an initiative in the German Bundesrat, the upper house of the Federal Parliament, for regulation of commercial rents, citing an application for the “introduction of a commercial rent brake in strained commercial-space markets”. Markets are deemed to be strained if “there is a particular risk that small and medium-sized companies will no longer find commercial leases with reasonable terms’.  In an interview with the Munich newspaper, Berlin’s Justice Senator Dirk Behrendt (Greens) explained that he is thinking primarliy of small neighborhood stores and their displacement by large chains.


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