REALWorld Law

Commercial leases

Specific regulations for asset classes

Are there any specific regulations and/or laws which apply to leases of particular categories of real estate, such as residential, industrial, offices, retail or hotels and what is their impact?

Germany

Germany

The legal framework is the same for all leases. They are governed by the provisions of the civil code. However, it is important to note that in the case of commercial leases (including leases of industrial property, retail property, office buildings and hotels) the parties are free to contract as they wish to a much greater extent than in the case of leases of residential premises.

The courts may control the terms of a lease under the general provisions of the law dealing with standard terms and may declare certain onerous contractual terms void. Typically, they do this in order to grant greater protection to tenants in residential leases. This is not as common in relation to commercial agreements. The principle behind this is that commercial negotiation has or should have taken place.

Furthermore, the Fourth Bureaucracy Relief Act (Viertes Bürokratieentlastungsgesetz, BEG IV) provides for far-reaching changes to the formal requirements for commercial leases. Until now, commercial leases with a term of more than one year had to be concluded in writing in order to avoid premature termination. The new law now abolishes the requirement of written form and replaces it with a requirement of text form. This means that a legible declaration on a durable medium, which clearly identifies the declarant, for example by e-mail, as a paper document without a signature or by fax, is sufficient. The new regulation applies to all contracts concluded from 1 January 2025. There is a transitional period for existing contracts, these contracts will be assessed according to the old law until 31 December 2025 and are subject to the written form requirement. To avoid ambiguity under the new law, it should be ensured that each notification and correspondence between the parties makes it clear whether the parties are still in the negotiation stage or whether a final agreement has already been reached.