Selling an apartment — The notarial purchase agreement is the legal cornerstone of every apartment sale. Without it, nothing goes in Germany: § 311b BGB mandates the notarial certification for real estate purchase agreements. What is included in the contract, what documents you as a seller of a condominium must have ready, what the notary […]
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 […]
Transfer of ownership in the contract of sale – By concluding the contract of sale, not only does ownership of a property pass to the purchaser, but the purchaser also assumes all risks, taxes and burdens associated with ownership of the property. This allows the new owner to do with the property as they see […]
The real estate agent license under § 34c Trade Regulation (GewO) is a mandatory prerequisite to commercially mediate real estate in Germany. Anyone who, without this authorization, concludes contracts or mediates the sale of land, residential or commercial spaces risks fines up to 5,000 euros, loss of commission, and in case of repeat offenses, classification […]
