§ 120

In properties taken into use before 1970, which have more than two residential apartments, the landlord must annually allocate, in addition to the amounts mentioned in § 119, the amount that was allocated or should have been allocated according to the previously applicable § 18 b of the Act on Temporary Regulation of Housing Conditions, cf. Consolidation Act No. 962 of 11 August 2010, as of 31 December 2014. The amount in the first sentence is adjusted once a year, cf. § 204. The amount is deposited into an account for the property in the Landlords' Investment Fund, cf. § 60 of the Act on Housing Conditions.

Stk. 2.Stk. 1 applies correspondingly where allocation occurs according to § 211.

Stk. 3.The deposited amount cannot be subject to creditor enforcement and can only be paid out according to the rules in § 122 and § 63 of the Act on Housing Conditions.

Stk. 4.The provision in stk. 1 does not apply to properties assessed by the valuation authorities as agricultural or forestry properties, cf. the Property Valuation Act § 3, nr. 2 and 3.