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Upper floor counts all floors between ground floor and attic floor
in Law, Real estateUpper Floor – In real estate, the term refers to all areas above the ground level floor or a story. More terms in our glossary. Some buildings have multiple upper floors, while the attic does not count. In apartment descriptions on online sites, the term is often shortened to O.G. Overview of the upper floor: […]
Deed of attorney
in Law, Real estatePower of attorney – A power of attorney, i.e. authorising a person to act on their own behalf, can be issued informally. Real estate purchase contracts must be notarized. All steps explained: selling tips. For this reason, it is necessary that the authorisation of a third person is also notarised. The registration of the changed […]
Administrator contract informs about the rights and duties of the administrator
in Law, Real estateProperty management contract – condominium associations usually have a property manager who takes over the management of the common property. Explore back to overview. A management contract is drawn up for the transfer of this task. This management contract defines the rights and obligations of the manager vis-à-vis the condominium owners’ association. The administrator’s remuneration […]
Auction of a property: All important information
in Law, Real estateAuction – There is on the one hand the forced auction of a property or on the other hand the partition auction. A compulsory auction takes place when the owner can no longer pay the debts relating to the property. A partition auction takes place when the ownership of a property is divided among several […]
Marketing strategy (Lexikon): Real estate agent, network and real estate portals
in Law, Real estateA marketing strategy is a structured plan used to sell or rent a property at the right price, to the right target audience, and through the appropriate channels. It includes price determination, target group definition, exposure quality, channel selection (portals, network, off-market), and timing — and in practice, it determines differences of 5–15 % in […]
Market value with regard to location, popularity and condition of the property
in Law, Real estateMarket value – The market value of a property determines the combined value of a property in terms of location, popularity and material value. See our property terms. When a property is to be sold, the purchase price is based on the fair market value of the property. An appraiser prepares a market value appraisal […]
Restriction on the sale of the residential property
in Law, Real estateRestriction on sale – A person who owns a dwelling or part of a dwelling is entitled to sell this property. Tips: property selling. If the owner is a member of a community of owners, the members of the community have the interest that the new owner is appropriately integrated into the existing group. For […]
Ventilation for an optimal room climate
in Law, Real estateVentilation – Regular ventilation adapted to the season can prevent the development of mould and ensure a good indoor climate. More updates: market news. Disagreement about regular heating and ventilation by the tenant is often the cause of disputes between tenant and landlord. Consumer organisations and landlord associations offer information on this topic. Ventilation at […]