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 […]
Insolvency – Insolvency reveals the insolvency or threatened insolvency of a person. One speaks of insolvency when the debtor cannot meet 90% of his obligations within 4 weeks. If this is the case, insolvency proceedings are opened. In these proceedings, the debtor’s assets are liquidated by an insolvency administrator and the proceeds are distributed to […]
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. […]
For many tenants a nightmare and yet it happens regularly in Germany. The rent increase. But this is not always permissible, because rent increases require certain formal and substantive rules. How you can protect yourself and what simple rules there are to follow, you can find out here. Rent increase options – what is the […]
