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. The annual […]
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 […]
Purchase does not break tenancy – The purchase of a property does not break the tenancy. This means that if an owner wishes to sell their rented property, the purchaser continues the tenancy as the new landlord. This means that the new landlord is bound by the lease and, accordingly, he cannot cause the tenant […]
Housing associations – Housing associations are responsible for the management of real estate in cities or municipalities and are usually also responsible for social housing. The primary tasks are in the area of the administration of rented flats against rent or also in the renting of function rooms, garages and parking spaces. The main areas […]
Civil Code – The Civil Code is the central and therefore most important source of civil law. It comprises five books which consist of a general part, the law of obligations, the law of property, the family law and the law of succession. Accordingly, almost all areas of civil life are covered in the civil […]
Rental agreement – The rental agreement is a written contract prepared by the broker for the tenant and landlord. This contract must form the basis of any tenancy in order for the relationship to stand up legally for both parties. The lease contains the obligation of the landlord to grant the tenant the use of […]
Modernisation (WEG) – Modernisation includes all structural measures taken by the owner with the aim of sustainably increasing the utility value of the property and permanently improving the living conditions. In the case of individual property, the condominium owner can carry out any type of modernization, but in the case of common property, the owner […]
When is the broker economically intertwined with one of the parties involved in the real estate business? What does this phrase mean and what does it imply in the context of the process of selling a property? Are the seller and the buyer of a house or an apartment equally affected by a possible interlocking? […]
Rental deposit – The rental deposit is a classic security deposit that the tenant pays to the landlord. The purpose of the rent deposit is to protect the landlord in the event that the tenant can no longer meet his contractual obligations and pay the rent. The tenant is allowed to pay this deposit in […]
Business plan – The business plan informs the apartment and part owners about the costs and contributions to be made to the common property in the coming calendar year. The manager of a condominium is responsible for preparing the business plan. Due to the ongoing maintenance costs of the property, the manager is dependent on […]
Residential location – A decisive factor for the residential value of a property is its location. The location of a property is so crucial because it cannot be moved, while a structural condition or the equipment can be changed. There are three different types of residential locations, which are once the simple, the middle and […]
