Tag Archive for: Closing

Revocation period (brokerage contract) when concluding a contract

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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. This period is 14 days and only begins when the prospective buyer has received a […]

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Maintenance reserve (WEG) to prevent property-related problems

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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. The amount of the maintenance reserve depends on what a forward-looking owner would save for the maintenance of his property. This […]

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