In the event of a change of tenant, the obligation to register becomes particularly relevant for real estate management companies. For example, landlords or property management companies must issue new tenants with a certificate of occupancy or a housing provider certificate. Failure to do so could result in a fine. Since registration authorities can now also demand information about current residents from property owners, bogus registrations will be combated.
In the wake of new anti-money laundering legislation, anomalies in real estate purchases, such as cash payments or unusual prices, must now also be reported.