Who sells a condominium from a homeowners’ association (WEG) moves within a significantly narrower legal framework than when selling a freestanding house. Management approval under § 12 WEG, housing fee settlement, maintenance reserve, approved special levies, annual settlement — each of these points can shift the purchase price by several thousand euros or cause the […]
Selling an apartment — The notarial purchase agreement is the legal cornerstone of every apartment sale. Without it, nothing goes in Germany: § 311b BGB mandates the notarial certification for real estate purchase agreements. What is included in the contract, what documents you as a seller of a condominium must have ready, what the notary […]
Condominium owners’ association – The condominium owners’ association (WEG) is one of the many forms of housing that exist in Germany. It is a community of owners who share a residential complex. In this article, we would like to provide you with basic information about the WEG and go into the most important aspects, such […]
Subdividing an apartment building & selling apartments individually – Selling an apartment building is a complex undertaking that requires good preparation and execution. Since the residential building consists of several tenants, the question often arises: Sell the entire apartment building or individual apartments? Find out here under which circumstances a division is worthwhile and what […]
Real Estate Guru is a platform with many free real estate calculators that quickly and easily explain important calculations of key figures (real estate agent fees, return, etc.) for real estate. The calculators are really very easy to use and always accessible on your phone (whether iPhone, Samsung, etc.). They offer a quick overview of […]
Crowdinvestment Real Estate – Not everyone has the necessary equity or cash flow (regular income) to buy their own house or condominium. Crowdinvesting has many advantages. For example, little equity, various properties as an investment opportunity, risk minimization through capital diversification and extensive participation (fixed interest rate, profit-related distribution and participation upon sale). Real estate […]
Operating costs – What operating costs must the tenant pay? And which secondary costs is the landlord responsible for? The law defines which costs are shareable and which are not. Find out more about operating costs and why you should include them in the rental agreement. Service costs: definition and explanation Tanto si se trata […]