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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Core Renovation – A core renovation includes all structural renovations to a home. More inspiration: living ideas. Core renovation includes tasks such as re-roofing, installing new flooring, electrical installations, or installing new windows and doors, among others. The goal of core renovation is to restore the building fabric to like-new condition. A building is restored […]
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Basement – A basement, also known as a souterrain, is an enclosed part of a building below ground level. Planning a build? See our building tips. Especially older houses have a basement. Originally used for storage of food, nowadays a storage space for the whole family. Basement at a glance: Underground storage room Underground space […]
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Security Deposit – A security deposit is a set amount of money that a tenant must present to a landlord before the rental period begins. The amount of money is used to allow the landlord to repair any damage that may have occurred at the end of the lease term, or if lease obligations have […]
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Security Deposit – A security deposit is a set amount of money that a tenant must present to a landlord before the rental period begins. The amount of money is used to allow the landlord to repair any damage that may have occurred at the end of the lease term, or if lease obligations have […]
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Chimney – A chimney is a colloquial term for a fireplace and its flue installed in a building. More terms in our all terms. This fireplace must be regularly inspected by a chimney sweep. As a rule, the value of a property increases when a fireplace is present. Fireplace at a glance: Built-in fireplace in […]
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