Can a foreigner from non-EU country rent out his/her apartment in Germany?
<p>I travel a lot to Germany as a tourist. I was thinking of buying an apartment there. Germany laws do allow you to buy property even on tourist visa. But I was wondering if I could rent that property out as a tourist should I choose to buy one. I did a lot of research but am not able to find a definitive answer to this. Since tourist visa prohibit you from deriving monetary gain as described on some websites while other claim one cannot get a job on it very interchangeably; which are not necessarily written by lawyers. Which I find very confusing since on the one hand you can buy and sell property so would renting that be considered different?</p>
<p>The reason why I ask this question is because renting does not appear to be &quot;gainful employment&quot;, so I guess my question is, <em>does being on a tourist Visa in Germany, one cannot be &quot;gainfully employed&quot; or &quot;derive monetary benefit&quot;?</em></p>
<p>Thanks for any light you can shed on this</p>

<p>A non-E.U. person may own real property in Germany and may rent it. Earning rental income from an isolated piece of investment property is not considered being &quot;gainfully employed&quot; for purposes of a tourist visa.</p>
<p>This is basically because the tourist visa and your presence in Germany are not what is facilitating your German rental property income.</p>
<p>From an immigration perspective, earning rental income from rental property that you own in Germany is only modestly different from owning a few hundred thousand Euros worth of VW or BMW stock and earning income from that.</p>
<p>One could imagine a situation where your need to actively manage a large portfolio of rental properties in Germany on an hands on basis physically in Germany, if you did this, rather than hiring an E.U. based property management firm to take care of this for you, this might violate your visa. But, if it did, in all likelihood, once you had that large of a real estate portfolio in Germany, it would be possible to arrange some sort of investor or employment based visa beyond your simple tourist visa to make it possible for you to do so.</p>

rental-property real-estate germany visa