Current business news and stock quotes of important papers.
Foreclosure Procedure – Property owners, like any other person, have expenses and obligations that they must meet and pay. If a property owner is insolvent and cannot pay certain debts, it may happen that a foreclosure sale of a property takes place. Such a proceeding is initiated by the creditor in the appropriate county court. […]
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Distance area – The distance area is the area that must be kept free from the border of the neighbouring property. The area to be kept clear is not only intended to ensure the best possible fire protection, but also that the neighbour’s property is not visually restricted. The minimum distance to be maintained from […]
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Brexit – This week’s property news also deals with the topic of Brexit. Manager Magazin writes about analysts revealing that there could be a special risk for Aareal Bank, Deutsche Pfandbriefbank as well as Deutsche Hypothekenbank. These banks are particularly focused on financing commercial property deals in the UK property market. The Frankfurter Allgemeine reports […]
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Real estate annuity – If the buyer of a property cannot immediately or fully raise the financing, it can be agreed that the purchaser pays the seller an ongoing annuity. The purchaser’s payment obligation must be secured in rem in the land register, as the real estate annuity is long-term and the seller must protect […]
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Furniture for your garden – Lying on the lawn of your own garden in summer, enjoying the sun in the Hollywood swing or having breakfast comfortably with the family. For many people, a garden is a great luxury that can increase the value of a property immensely. In order for the garden to become a […]
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Partition agreement – If a partition agreement is adopted, the co-owners of a property declare to the land registry that they wish to divide the property they own into co-ownership shares. This creates special or part ownership, which is allocated to the individual co-owners after the property has been divided. The co-ownership that existed until […]
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The partition auction is a special form of compulsory auction under §§ 180–185 of the German Enforcement Act (ZVG), used to dissolve an owners’ community in a property when the co-owners cannot agree on a voluntary sale. Unlike the classic compulsory auction, this process is not about satisfying a creditor, but rather about the division […]
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Partition measurement – Partition measurement plays an important role in the division of a plot of land. If the partial area of a property is to be sold and given its own sheet in the land register, a partition survey must be carried out, which records the new property boundaries in the real estate cadastre. […]
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