Partial ownership – Partial ownership is the special ownership of rooms in a building that are not used for residential purposes. More inspiration: interior tips. This means that, unlike condominium ownership, it consists of commercially used units and accordingly cannot be used for residential purposes. If condominium ownership is to be converted into partial ownership, […]
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Submarket – In real estate, the market is divided into several submarkets. Latest from the market: latest news. These submarkets include residential, commercial, industrial, and specialty real estate. Each of these submarkets can be further subdivided. For example, the residential market can be divided into houses and apartments, which can then be further subdivided. It […]
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Index rent – Index rent is a variable rent, which means that an agreed basic rent is changeable. It is therefore a written agreement where the rent may only refer to the consumer price index (CPI). Our financial tips helps. However, if the contract refers to any other index, it is invalid. Furthermore, the rent […]
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Right of way – A right of way is the right to use accesses and paths that lead from a public road across another’s property to one’s own property. Visit back to overview. Taking the path over another’s property only serves the purpose of using it as a passageway or thoroughfare. The right of way […]
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Inheriting a property comes with a lot of responsibility. A number of questions regarding your inheritance and ownership must be clarified in advance. If you are the sole heir of the property, you can decide independently about a sale. The situation is different if there are co-heirs who may not wish to sell. What is […]
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Standard land value (Berlin) – The standard land value refers to the land and the undeveloped property. Explore opportunities: Berlin property. This is the average site value in euros per square metre for the land in an area, taking into account the different development status. In Berlin, the standard land values from 1964 until today […]
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Maintenance obligation (WEG) – Each condominium owner is obliged to maintain the parts of the building in his or her individual ownership. Details: building tips. For example, the ground floor owner must maintain the garden part located in his area. For the measure of the proper administration a maintenance reserve is accumulated, which is not […]
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The real estate agent contract is the first binding step in the property process for many buyers — and at the same time the most underestimated. Anyone who commissions a real estate agent via email, phone, or through an online listing legally enters into a distance selling contract and thus has a statutory right of […]
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Maintenance reserve (WEG) – Every condominium owner can demand that a maintenance reserve be accumulated, which is, however, not obligatory. This reserve is accumulated to prevent liquidity problems and the deterioration of a property. Explore home page. The amount of the maintenance reserve depends on what a forward-looking owner would save for the maintenance of […]
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This week, Spiegel reports, among other things, on the current rent index evaluation for 2018. More than 1,000,000 new apartments are to be created through the conversion of parking garages and supermarkets, this is cheaper than new buildings. Focus deals with the topic that German Finance Minister Olaf Scholz has slimmed down his model for […]
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The valuation factors of a property refer to any objectively measurable or appraised characteristic that demonstrably increases or decreases the market value according to § 194 of the Building Code. Unlike the purchase price, which is determined by supply and demand, valuation factors are the analytical basis of every professional valuation — whether using the […]
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Right of withdrawal – If the contract was concluded outside the business premises of a broker or by means of distance communication, the consumer has the right of withdrawal. So, a right of withdrawal only exists in cases where the law has expressly granted such a right. If this is not the case, then each […]
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