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Interim financing for the building society loan

Interim financing – Often builders apply for a loan for the construction or purchase of a property. Details: building & renovation. If this is the case, interim financing becomes relevant, especially in the case of a building society loan. Here, the borrower has not yet reached the allotment maturity of his loan, but would still […]

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Rent increase

Rent increase – The increase of the rent can have different reasons. More on Lukinski.com. For example, the landlord has the right to increase the rent if he wants to carry out modernisation measures or to adjust it to a general rent increase. However, the rent may only be increased 15 months after the last […]

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Burden of land

Building encumbrance – The building encumbrance is the public burden of a property owner vis-à-vis the building authority, which obliges him to do, to refrain from doing or to tolerate certain things concerning the property. This burden is registered in a building burden register kept by the city or municipality at the building supervisory authority. […]

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Right of abode as an entitlement to live

Residential right – The residential right is the right of the owner of the residential right to personally use a building or a part of the building. However, the owner of the residential right is only entitled to live in the building, but not to carry out commercial activities. The residential right is a right […]

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Building permit for a plot of land

Building permit – A building permit is the permission granted by a competent authority to erect a structure on a plot of land. Before a building permit is issued, a preliminary building application must be requested from the building supervisory authority. However, anyone who builds without a building permit risks not only a sanction in […]

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Compulsory mortgage as security mortgage

Compulsory mortgage – A compulsory mortgage is the registration of a mortgage in the land register in the course of a compulsory execution. A forced mortgage is also considered a security mortgage, but unlike a normal mortgage, it is not contractually agreed and is entered in the land register in the course of the foreclosure. […]

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Ideal division of a property

Ideal division – In the ideal division of a property, co-ownership of several owners is created, which is entered in the land register. Visit back to overview. In this case, the property is not actually divided into independent parts, but the owners regulate their rights and obligations in a notarised declaration of division. In this […]

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Building supervisory authority (Berlin) to monitor compliance with public law regulations

Building supervisory authority (Berlin) – In general, the building supervisory authority monitors compliance with the public-law regulations for certain projects on building structures. Explore home page. These projects include, for example, the construction, modification, use, maintenance or demolition of buildings. Among other things, the building supervisory authority is responsible for the building permit procedure. In […]

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Resolution (WEG) of the condominium owners’ meeting

Adoption of a resolution (WEG) – Adoption of a resolution is a decision that is voted on in the condominium owners’ meeting. More on Lukinski. The wording regulates certain matters which are passed in the meeting by the quorum of the condominium owners. Typical resolutions are, for example, those on the annual statement of accounts, […]

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