Submarket – In real estate, the market is divided into several submarkets. Latest from the market: latest news. These submarkets include residential, commercial, industrial, and specialty real estate. Each of these submarkets can be further subdivided. For example, the residential market can be divided into houses and apartments, which can then be further subdivided. It […]
Index rent – Index rent is a variable rent, which means that an agreed basic rent is changeable. It is therefore a written agreement where the rent may only refer to the consumer price index (CPI). Our financial tips helps. However, if the contract refers to any other index, it is invalid. Furthermore, the rent […]
Right of way – A right of way is the right to use accesses and paths that lead from a public road across another’s property to one’s own property. Visit back to overview. Taking the path over another’s property only serves the purpose of using it as a passageway or thoroughfare. The right of way […]
Maintenance obligation (WEG) – Each condominium owner is obliged to maintain the parts of the building in his or her individual ownership. Details: building tips. 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 […]
The real estate agent contract is the first binding step in the property process for many buyers — and at the same time the most underestimated. Anyone who commissions a real estate agent via email, phone, or through an online listing legally enters into a distance selling contract and thus has a statutory right of […]
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. Explore home page. The amount of the maintenance reserve depends on what a forward-looking owner would save for the maintenance of […]
Right of withdrawal – If the contract was concluded outside the business premises of a broker or by means of distance communication, the consumer has the right of withdrawal. So, a right of withdrawal only exists in cases where the law has expressly granted such a right. If this is not the case, then each […]
Real estate as a capital investment – An investment is a long-term capital investment, which should bring a special benefit in the future. Accordingly, the value of a property can also be decisively increased if the owners invest in the existence and expansion of their property. This creates additional prospects, for example, if an attic […]
Annual statement – Each condominium owner is obliged to bear the costs of common property, maintenance and repair of common use, which are recorded and settled in the annual statement. The costs to be paid include operating costs such as street cleaning, refuse collection and property and liability insurance, but also heating costs. Our guide: […]
Annual freeze period – If the landlord wants to increase the rent, he can only demand this if the rent has been unchanged for 15 months. These 15 months are made up of the 12 months of the annual freeze period and the three months of the tenant’s cooling-off period. The annual freeze period is […]
Living space – Living space is the habitable area of a property in square meters. When calculating the rent of real estate, the income value of valuations and other things, the total living space plays a decisive role. The use of a living area also plays an important role in building and household insurance. Living […]
Who buys a rented property not only takes over walls and land register entry — they automatically take over every ongoing tenancy agreement. The principle “purchase does not terminate rent” is enshrined in § 566 BGB and belongs to the most important regulations for investors entering the existing market. For buyers, this means: existing lease […]
