In other words, for example, if you have moved as a tenant into a rented apartment, the apartment is in your possession and the lease is automatically transferred to the new owner. If the new landlord wants to enter into a new lease with you after the purchase of the apartment, there is really no need to do so. For example, such a topic may be on the agenda if the new landlord wants to change the contractual terms for you – for example.B. to increase the rent. If you do not want to enter into a new contract, the new owner of your apartment only has to accept the situation or terminate the lease. A rental contract of indefinite duration can normally be terminated with a period of 3 months. However, a fixed-term rental agreement can usually only be terminated for a good reason – for example, if the tenant is three months late. If the new owner announces his intention to terminate the lease the day before the expiry of the 3-month period, the contract is also valid for an additional three months – the maximum duration of the lease can then be set at almost six months, depending on the prior announcement of the new owner. However, if more than three months have elapsed since the change of ownership, the new owner of the property loses the right to terminate the contract on this basis and needs a good reason again. Each contracting party must be a “competent person” who is legitimate. The parties may be natural persons (“individuals”) or legal persons (“limited communities”). An agreement is reached when an “offer” is accepted.
The parties must intend to be legally bound; and to be valid, the agreement must have both a correct “form” and a legitimate purpose. . . .