Terrace – By definition, a terrace is a covered or uncovered larger platform on a house for outdoor living. It is located at the ground floor level of a building or on the roof. The living quality of a property can be enhanced by the terrace, which also increases the property value. As an outdoor […]
Compulsory mortgage – A compulsory mortgage is the registration of a mortgage in the land register in the course of a compulsory execution. A forced mortgage is also considered a security mortgage, but unlike a normal mortgage, it is not contractually agreed and is entered in the land register in the course of the foreclosure. […]
Partition agreement – If a partition agreement is adopted, the co-owners of a property declare to the land registry that they wish to divide the property they own into co-ownership shares. This creates special or part ownership, which is allocated to the individual co-owners after the property has been divided. The co-ownership that existed until […]
