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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Declaration of division – In the declaration of division, a property is divided into co-ownership shares. This means that the owner specifies that the ownership of a property is to be divided in such a way that each share is associated with the separate ownership of an apartment or a room not used for residential […]
Read more › Gross rent – Gross rent is when all ancillary costs for a rented property are directly included in the rent and no further costs are incurred. More financial tips: finance guide. A distinction is made between the gross warm rent and the gross cold rent. In the case of the warm rent, all operating costs […]
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Partition order – Through the partition order, the testator can change the legal succession in his estate and determine which of his heirs should receive which assets. This allows him to make the order for the division of the estate. It is important to make a partition order specific and unambiguous so that the sale […]
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Division of land – In the division of land, a distinction is made between real and ideal division. In the case of the real division of land, a plot of land is actually divided into several plots, each of which is recorded separately in the land register. The reasons for a real division of a […]
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Partial legal capacity (WEG) – Partial legal capacity is the ability to be the bearer of rights and obligations, to participate actively in legal transactions as a legal entity and to sue and be sued in legal proceedings. Partial legal capacity also means that a condominium owners’ association does not have all the rights that […]
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