Property management contract – condominium associations usually have a property manager who takes over the management of the common property. Explore back to overview. A management contract is drawn up for the transfer of this task. This management contract defines the rights and obligations of the manager vis-à-vis the condominium owners’ association. The administrator’s remuneration […]
Auction – There is on the one hand the forced auction of a property or on the other hand the partition auction. A compulsory auction takes place when the owner can no longer pay the debts relating to the property. A partition auction takes place when the ownership of a property is divided among several […]
A marketing strategy is a structured plan used to sell or rent a property at the right price, to the right target audience, and through the appropriate channels. It includes price determination, target group definition, exposure quality, channel selection (portals, network, off-market), and timing — and in practice, it determines differences of 5–15 % in […]
Restriction on sale – A person who owns a dwelling or part of a dwelling is entitled to sell this property. Tips: property selling. If the owner is a member of a community of owners, the members of the community have the interest that the new owner is appropriately integrated into the existing group. For […]
Ventilation – Regular ventilation adapted to the season can prevent the development of mould and ensure a good indoor climate. More updates: market news. Disagreement about regular heating and ventilation by the tenant is often the cause of disputes between tenant and landlord. Consumer organisations and landlord associations offer information on this topic. Ventilation at […]
The real estate agent commission has been legally revised in Germany since December 23, 2020 — and exactly that makes it an often underestimated factor in real estate investments. When purchasing a condominium for 500,000 €, the commission in many federal states represents an additional burden of 17,850 € gross, which directly reduces the capital […]
Change of encumbrance – When a purchaser buys a property, not only does the benefit of the property pass to him, but also the encumbrances. The encumbrances include all outstanding payment obligations related to the property. These encumbrances can come about privately or under public law. A public burden refers, among other things, to the […]
Deletion authorisation – Before a right entered in the land register can be removed, the person to whom this right belongs must grant a deletion authorisation. This deletion permit can be obtained by the seller or the appointed notary if the claim to which the third party is entitled has been settled. All steps explained: […]
Unencumbered – A seller of a property is obliged to hand over the property to the buyer unencumbered. Our guide: sell your property. Unencumbered means that no third party rights to the property may be entered in the land register. If third party rights are nevertheless listed in the land register, it must be discussed […]
Noise – There are regulated quiet times during the day. These are on the one hand the night rest from 22:00 o’clock to 6:00 o’clock and on the other hand the midday rest from 13:00 o’clock to 15:00 o’clock. During these rest periods, all noise is prohibited. The noise guide values of the Technical Instructions […]
Purchase price manipulation – The higher the agreed purchase price of a property, the higher the real estate transfer tax. Our money guide helps. For this reason, it happens from time to time that contracting parties agree to state a lower purchase price in the purchase contract in order to keep the land transfer tax […]
Compost heap – The Closed Substance Cycle and Waste Management Act states that composting in one’s own garden is permitted and desirable. More: garden tips. Restrictions occur if the neighbour is bothered with unreasonable nuisances, such as the occurrence of rats. The extent and duration must be significant. Compost piles at a glance: Decomposition of […]
