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Vonovia home warranty for tenants aged 70 and over

Vonovia is due to excessive Rent in the criticism. Now, the real estate group, announces that for older tenants to use, with a residential warranty of 70 years.

Germany's largest real estate group Vonovia reacts with a residential warranty for older tenants to the growing criticism of the industry. "We give tenants 70 the guarantee that you will not have to leave their homes", said CEO Rolf Buch, the news agencies Reuters and dpa prior to the annual General meeting.

Vonovia to secure them, "that their apartment remains in change of the local comparative rent is affordable". Tenant organizations had complained that many pensioners could afford the rising Rent for their homes.

the group has criticism back

After tenant protests was the Dax-listed company entered in the past year at the apartment of modernization on the brake. Through renovations, there should be no Mietaufschläge of more than two euros per square meter.

book pointed criticism of the amount and the determination of the operating costs for the Vonovia apartments. "Our share of the cost of the operation is not increased," he said. It's not voice, "that Vonovia to earn the in addition to cost a lot of money".

More profit by increasing Rents

Rising Rents and acquisitions abroad had been Vonovia in the first quarter, significantly more profit. In addition, Vonovia benefited from lower costs in the management of the apartments.

group chief book had assured the numbers template, the company will participate in the search for a solution for the tense Situation on the housing market. Demands for expropriation of housing companies had rejected Vonovia.

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