Capital investment: Investing money in real estate and shares – Here you will find everything you need to know to make money with real estate. Definition, comparison and investment tips, we have compiled the most important factors for you. Tip! At the end of the article on capital investments in comparison you will find further […]
Right of first refusal – The right of first refusal is a right that allows a person to enter into a contract of sale on the terms that an owner had agreed with a purchaser. The person with the right of first refusal takes the place of the purchaser and therefore also assumes the rights […]
Notary’s confirmation – The notary’s confirmation is a written confirmation from the notary to the bank that the land charge will be entered in the correct order of priority and that no other applications stand in the way of this. The confirmation plays a significant role in the execution of real estate contracts, as it […]
Partial ownership – Partial ownership is the special ownership of rooms in a building that are not used for residential purposes. This means that, unlike condominium ownership, it consists of commercially used units and accordingly cannot be used for residential purposes. If condominium ownership is to be converted into partial ownership, the consent of all […]
Submarket – In real estate, the market is divided into several submarkets. 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 is not uncommon for submarkets to […]
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). However, if the contract refers to any other index, it is invalid. Furthermore, the rent must remain unchanged for […]
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. Taking the path over another’s property only serves the purpose of using it as a passageway or thoroughfare. The right of way must be registered in […]
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. […]
Revocation period (brokerage contract) – Since contracts are binding, a prospective buyer can only revoke the brokerage contract if the contract was concluded outside the broker’s business premises or through semi-personal contact such as telephone, letter, e-mail, fax or similar. This period is 14 days and only begins when the prospective buyer has received a […]
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. The amount of the maintenance reserve depends on what a forward-looking owner would save for the maintenance of his property. This […]
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 […]
