Assured property (real estate) on purchase and sale

Warranted Property (Real Estate) – A warranted property is a property feature that the seller warrants to the buyer. If, when buying the property, it turns out that this property does not exist, the seller is liable for damages. A property is deemed to be warranted if the seller expressly indicates to the buyer that he intends to guarantee the existence of the property in question.

Assured property: Appreciation of a property

• Properties which the seller of a property guarantees to the buyer
• The following shall be deemed to be warranted if the seller expressly indicates to the buyer that he intends to guarantee the existence of the property in question
• The seller is liable for damages if it turns out at the time of purchase that a characteristic is not present.

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