A new part from my little “Saudi Arabia” series! After Maraya (largest mirrored concert hall) and The Line (170 km long desert city), I take you today with Riyadh, more precisely to Riyadh and New Murabba. This is where the Mukaab is being built. Simply put, the most expensive surprise egg in the world! 800 […]
Real estate courses of studies – Finally it is so far. The Abitur has been passed and your professional life is about to begin. You have always been interested in real estate and you see your professional future in this field? After many years of hard work and learning for the Abitur, some people find […]
Heating with wood – There is a lot of ignorance and unanswered questions around this topic. As an alternative to gas and petroleum, more people are again using wood to heat their homes and for hot water. Although many people consider burning wood to be more expensive and more harmful to the environment, it is […]
Attic – By definition, the attic refers to the top floor of a building that is habitable. The attic of a house often has sloping ceilings. Depending on the ceiling height, part of their area is included in the calculation of the living space. The difference between this and the attic is that the attic […]
Monument protection – A monument protection is a legally defined protection of a building, which is awarded based on certain criteria. These are besides the age, the architecture or the historical significance. From when a property is listed, is sometimes not directly comprehensible, so they should always inquire as a buyer of a potentially listed […]
Building energy passport – The building energy passport provides data on the energy efficiency and the energy costs of a building and serves to evaluate its energy efficiency. The basic principles of this passport are regulated in the Energy Saving Ordinance (Energieeinsparungsverordnung) and oblige the owner to provide the prospective tenant with a building energy […]
Production costs – Production costs are a valuation standard for manufactured assets and economic goods that have been produced in whole or in part in the company’s own operations. These are not only costs for the production of an object, but also the costs for its expansion and improvement. Production costs are therefore all costs […]
Residential right – The residential right is the right of the owner of the residential right to personally use a building or a part of the building. However, the owner of the residential right is only entitled to live in the building, but not to carry out commercial activities. The residential right is a right […]
Subdivision Plan – The subdivision plan is a stamped construction drawing that provides information about the building’s layout, location and size. These drawings of floor plans, sections and elevations are all necessary representations of the building to be subdivided. In addition to the division of the building by the floor plans, the location, size and […]
Partial legal capacity (WEG) – Partial legal capacity is the ability to be the bearer of rights and obligations, to participate actively in legal transactions as a legal entity and to sue and be sued in legal proceedings. Partial legal capacity also means that a condominium owners’ association does not have all the rights that […]
Maintenance obligation (WEG) – Each condominium owner is obliged to maintain the parts of the building in his or her individual ownership. For example, the ground floor owner must maintain the garden part located in his area. For the measure of the proper administration a maintenance reserve is accumulated, which is not obligatory however legally. […]
