Compost heap – The Closed Substance Cycle and Waste Management Act states that composting in one’s own garden is permitted and desirable. More: garden tips. Restrictions occur if the neighbour is bothered with unreasonable nuisances, such as the occurrence of rats. The extent and duration must be significant. Compost piles at a glance: Decomposition of […]
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Land registry office – The land registry office is a state authority where the inventory of land in Germany is kept. More on home page. In this inventory, the land is listed according to parcel, parcel number, and land registry. Each federal state maintains its own inventory for the properties located on its territory. Land […]
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Municipal Charges Act – Municipalities and associations of municipalities are entitled to levy municipal charges in accordance with the Municipal Charges Acts. Visit Lukinski. Municipal levies include, among others, contributions, fees and taxes. The collection of the levies takes place in two steps. First, a levy statute is drawn up within the municipality. On the […]
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Capital gains tax – Since 01.01.2009 there has been a capital gains tax for private capital gains. The purpose of this regulation is a uniform taxation of silent participations, interest, income from endowment insurance policies, dividends, capital gains with shares in corporations and the sale of life insurance policies. Cooperatives, insurance companies, credit institutions and […]
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Collection of purchase prices – Collections of purchase prices are compiled by a municipality’s expert committees. They determine data for the valuation of a property, among other things on the basis of standard land values. See our all terms. All entitled interested parties have the right to obtain information about a collection of purchase prices. […]
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Capital investment – If a property is rented out and the landlord achieves a return through rental income, an important criterion for the possible designation as a capital investment is given. Another criterion of a real estate investment is that the relationship between purchase price and annual rental income must be correct. The purchase price […]
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KfW – KfW is the abbreviation for Kreditanstalt für Wiederaufbau. Explore Lukinski.com. KfW is a public law institution and the largest national promotional bank. Its goal is to improve the social, economic and ecological conditions in Germany. KfW at a glance: Improving domestic conditions Abbreviation for Kreditanstalt für Wiederaufbau (Reconstruction Loan Corporation) Institution under public […]
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Purchase contract – A purchase contract defines which right a buyer acquires from a seller at which purchase price. See also: finance & money. Important details concerning the purchase of real estate are stated in the purchase contract. The signing of a real estate purchase contract is carried out in the presence of a notary. […]
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Cold rent – The cold rent refers to the rental price, without the inclusion of additional costs. More financial tips: financial planning. Many landlords demand an advance payment for ancillary costs in addition to the cold rent. Depending on whether the actual consumption was higher or lower, the tenant is refunded the difference at the […]
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Art on the building – Art on the building refers to the artistic change of a building. This alteration can be a mural, or a statue incorporated into the building. The artistic alteration of a building can, depending on the quality of the artwork and the reputation of the artist, influence the value of the […]
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Periods of notice – Depending on the duration of the rental period, there are statutory periods of notice concerning a rental agreement. Different periods can also be agreed in the rental contract. In order to guarantee the effectiveness of these periods, you should have your rental agreement checked by an expert. See our our blog. […]
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Children’s noise refers to all sounds emitted by children in residential areas — from playing and running around in the garden, screaming in the stairwell, to noise coming from kindergartens and playgrounds. Unlike traffic or industrial noise, children’s noise is privileged under the amended Federal Immission Control Act (§ 22 Abs. 1a BImSchG) and is […]
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