Commercial examination before the real estate purchase – Before you invest into a real estate, it applies to examine these commercially, in order to calculate then a realistic purchase price. The most important factors here are operating costs, maintenance costs and rental agreements and arrears. Find out here which criteria are important for a commercial […]
Default reserve (WEG) – The default reserve comes into effect in the event of the insolvency of a condominium owner if there is a risk that the owner will no longer be able to meet his financial obligations. In order not to endanger the entire community by the insolvency, this default reserve can be determined, […]
Consent requirement (sale WEG) – If it is agreed that a condominium owner may only sell his condominium if an administrator or another condominium owner agrees, this is a consent requirement. The reason for the consent requirement is that the condominium is interested in each owner being able to fulfil his obligations regarding the residential […]
Conveyance notice (land register) – The conveyance notice refers to the agreement that the ownership of a property is to be transferred from the seller to the purchaser of the property and that this transfer of ownership is to be executed in the land register. Due to the conditional immediate reaction of the land register, […]
