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 […]
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: […]
Annual freeze period – If the landlord wants to increase the rent, he can only demand this if the rent has been unchanged for 15 months. These 15 months are made up of the 12 months of the annual freeze period and the three months of the tenant’s cooling-off period. The annual freeze period is […]
Living space – Living space is the habitable area of a property in square meters. When calculating the rent of real estate, the income value of valuations and other things, the total living space plays a decisive role. The use of a living area also plays an important role in building and household insurance. Living […]
Who buys a rented property not only takes over walls and land register entry — they automatically take over every ongoing tenancy agreement. The principle “purchase does not terminate rent” is enshrined in § 566 BGB and belongs to the most important regulations for investors entering the existing market. For buyers, this means: existing lease […]
Housing associations – Housing associations are responsible for the management of real estate in cities or municipalities and are usually also responsible for social housing. The primary tasks are in the area of the administration of rented flats against rent or also in the renting of function rooms, garages and parking spaces. The main areas […]
Civil Code – The Civil Code is the central and therefore most important source of law in civil law. It consists of five books, which include a general part, the law of obligations, the law of property, family law, and inheritance law. Thus, almost all areas of civil life are covered and recorded in relatively […]
Rental agreement – The rental agreement is a written contract prepared by the broker for the tenant and landlord. More on Lukinski. This contract must form the basis of any tenancy in order for the relationship to stand up legally for both parties. The lease contains the obligation of the landlord to grant the tenant […]
This week’s topic is rising real estate prices with Berlin ranking as the highest city in terms of real estate rental and purchase prices, as well as attractive opportunities for new construction. See our glossary. The lack of affordable senior housing is also a topic as well as the latest news on AirBnb apartments. All […]