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 […]
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 […]
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 […]
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 […]
Revocation period (brokerage contract) – Since contracts are binding, a prospective buyer can only revoke the brokerage contract if the contract was concluded outside the broker’s business premises or through semi-personal contact such as telephone, letter, e-mail, fax or similar. Our guide: how to buy. This period is 14 days and only begins when the […]
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 […]
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 […]
Valuation Factor – Several valuation factors are needed to determine the fair market value of a property. All definitions: property glossary. These valuation factors offer assistance when they come into consideration as value-influencing aspects. These factors include, among others, the location of the property, given construction defects and structural damage, an increased remaining useful life […]
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 […]
Real estate as a capital investment – An investment is a long-term capital investment, which should bring a special benefit in the future. Accordingly, the value of a property can also be decisively increased if the owners invest in the existence and expansion of their property. This creates additional prospects, for example, if an attic […]
If you are planning to buy a house, you have a wide choice of properties in the federal states of Rhineland-Palatinate and Hesse. These differ in their living space, their location, their age, but also in the equipment. Various personal criteria are decisive for the purchase decision. These include the purchase price you wish to […]
Annual statement – Each condominium owner is obliged to bear the costs of common property, maintenance and repair of common use, which are recorded and settled in the annual statement. The costs to be paid include operating costs such as street cleaning, refuse collection and property and liability insurance, but also heating costs. Our guide: […]
