Tag Archive for: Insolvency

Default reserve (WEG) in the event of insolvency

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Default reserve (WEG) – The default reserve comes into effect in the event of the insolvency of a condominium owner if there is a risk that the owner will no longer be able to meet his financial obligations. In order not to endanger the entire community by the insolvency, this default reserve can be determined, […]

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Duty of the seller or broker to provide information

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Duty of disclosure – The broker or seller has a duty of disclosure when selling a property. In general, this includes the personal details of the service provider, such as the address of the branch and the supervisory authority, any entry in the commercial register or general terms and conditions used. Furthermore, the broker or […]

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