Lawyers settle any legal issues in a wide variety of areas. A specialist lawyer for real estate is an expert in legal issues around the topic, real estate, condominium, house and land. What you need to know about a real estate lawyer, learn from us! Back to overview: Real Estate Frankfurt.
Specialist lawyer for real estate: house, condominium and land
Anyone who needs help or has a real estate dispute can seek the help of a real estate attorney. This person can not only help with questions, but also act as a representative in the event of a legal dispute.
Definition – What does real estate law mean?
If you want to implement the plan to buy a plot of land or a property, you need an expert at your side for all legal matters such as the contracts and correspondence with the authorities. From basic questions to detailed wording of clauses, the right lawyer for real estate law will help you.
Real estate law is not a precisely defined term, but an established name for the main areas of law dealing with the purchase, sale and management of immovable tangible assets. The first relevant area is the area of land law. The ownership of land and property are described here in law. This includes the purchase, sale and administration of land and everything on it or under it. The second area is the so-called heritable building right. With heritable building rights, the buyer is sold the right to use a plot of land and build on it for up to 99 years, depending on the agreement made. The buyer does not pay the full price of the land, but regularly pays a previously fixed ground rent. Often a ground lease is concluded for 99 years and an extension is offered as an option. However, the exact period can be agreed individually in each case. The third relevant area of law comprises residential property law, as the last area of real estate law. This law regulates the ownership of apartments in apartment buildings. Ownership of an apartment obliges membership in the respective condominium owners’ association. Community rules are called the framework agreement for the coexistence of all residents. Construction projects must be agreed upon and agreed upon jointly by all parties. The declaration of division of the condominium association regulates the ownership rights of each tenant. Before buying a condominium, this document should be reviewed with a lawyer to understand all of its claims.
Land law – ownership of land
Heritable building right – Separate ownership of a property
Residential property law – ownership of apartment
Activities of a real estate lawyer
If you want to hire a specialist lawyer as an expert for your own legal advice, you first need to know which areas of law are covered by the respective law firm. Therefore, the first big question is: What does a lawyer with a focus on land and real estate law do?
Review of experts for real estate and land contracts
Participation and representation in the conclusion of contracts (before, during and after)
In the case of project development, contract management can be taken over on request
The handling of purchase price and warranty claims
Extensive control of warranty and limitation periods in real estate transactions
Due Diligence Reviews
Authority Representation
Examination and clarification of neighbouring conditions
Conducting independent evidence proceedings and litigation
Recommendation for specialist lawyers in the Frankfurt area?
More good recommendations in Frankfurt and the surrounding area.
Book tips real estate law – from BGB to expert tip
Real estate law can be found in a wide variety of legal books. Important passages can be found in the German Civil Code (BGB), as well as in other legal books such as the Beurkundsgesetz (BeurkG). Other relevant areas are the Residential Mediation Act, the Land Register Regulations, the Heritable Building Rights Act or the Real Estate Agents and Property Developers Ordinance.
Real estate disputes: Rising legal cases
Based on the figures of the Federal Statistical Office, one can see very well that lawyers are currently booming. Especially since 2014, the number of cases has been increasing and thus, of course, the costs for legal advice. More and more laws and regulations are relevant especially for real estate law and therefore specialists in this field are in high demand and increase their prices constantly.
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