Annual General Meeting – The decision-making body

The Annual General Meeting acts as the decision-making body of a stock corporation. It represents the legislative body of the company and is intended to relieve the members of the supervisory board and the management board of their duties. The general meeting consists of the shareholders of an AG and is usually convened once a year.

More on the other bodies of a public limited company:

• Board of directors
• Board of directors

Duties of the Annual General Meeting – Auditor, appropriation of profits & Co.

It decides which shareholders are appointed to the supervisory board and also elects the auditor(s) for the annual financial statements. The general meeting is the only body of an AG that may decide on the appropriation of the balance sheet profit and can be influenced by proposals from the members of the management board and the supervisory board. Another important task of the general meeting: It passes resolutions on essential issues – for example, with regard to capital increases or reductions, possible mergers or dissolutions, sales, takeovers or acquisitions…. insofar as these result in an amendment to the Articles of Association.

Overview of the tasks of the Annual General Meeting:

• Discharge of the Management Board & the Supervisory Board
• Election of the Supervisory Board members representing the shareholders
• Election of the auditor
• Decision on the appropriation of profits
• Decisions on matters concerning amendments to the Articles of Association

The members of the general meeting are automatically provided with participation in the formation process of the stock corporation. In contrast to the management board and supervisory board, they are not bound to fixed terms of office, but are allowed to hold office until they leave the company. Each shareholder receives votes in proportion to his profit shares. The shareholder is granted one vote per share.

AG: foundation, legal form, special case real estate

1. Stock corporation (AG)
2. Real estate stock corporation (REIT-AG)
3. Real estate company

Stock corporation (AG): Formation, liability, legal form & Co.

Aktiengesellschaft (AG) – The stock corporation is a German legal form founded by at least one person and organized by different bodies. Instead of a managing director, the company is managed by a board of directors consisting of at least one person. As the name already indicates, this legal form of a company primarily stands for stock trading. You would like to start a company alone or together with other people and learn more about company law forms in advance? Then you’ve come to the right place!

• Stock corporation (AG)

Real estate stock corporation (REIT-AG)

Real estate stock corporation / REIT-AG – You don’t find the idea of a stock corporation bad at all and are now wondering how you can combine your capital company with the real estate industry? A real estate company is a company that serves the financing, development, realization, leasing, or marketing of real estate – starting with a single property up to a real estate portfolio in the three or multi-digit range. The management of real estate property or third-party real estate on behalf of third parties can also be handled by a real estate company.

• Real estate stock corporation (REIT-AG)

Real Estate GmbH & Asset Management GmbH

Alternative – In this article you will learn the basics about real estate companies. Briefly explained, a real estate company is a company that has the purpose of leasing, developing, financing, realizing and/or marketing. It doesn’t matter if it is one or more properties. The management of residential and commercial real estate – in its own interest or as a service offered to third parties – is also a popular focus for real estate companies and asset management GmbHs. Find out more about the main advantages and disadvantages of buying real estate and the expected costs.

• Real estate company

Der Beitrag Annual General Meeting – decision-making body of a stock corporation (AG) erschien zuerst auf ℄ Real Estates.

Offers in different price categories

Buying your own farm as a permanent residence or as a weekend home. You need to decide if you want to buy a property in need of renovation. These farms can often be purchased at a very reasonable price. Alternatively, there are properties that have already been refurbished by their previous owner and are in a modern and very good condition. These farms are usually ready for immediate occupation. However, you will have to expect a higher purchase price. This is especially true if the farm is in a very central location with a good infrastructure.

If you have the intention to buy a farm, we are happy to assist you with our experience. Arrange a personal appointment with us, where we can discuss your individual ideas. We are happy to offer you various properties that are located in scenic regions and can be used in different ways.

Buy farm with need for renovation

Many farms are no longer in cultivation due to the changed structures in agriculture, but also due to the lack of offspring. Children and children’s children of the former owners move to the city and look for a new centre of life there. This is one of the reasons why many farms are for sale. With a farm complex, you are in many cases acquiring very large buildings that are already quite old and in need of a lot of renovation. The advantage of buying such a property is that you will be able to design it according to your personal preferences. In addition, you will acquire the farm at a particularly favourable price.

Special real estate with a small circle of interested parties

Because farms are traded as special properties that have a narrower range of buyers than single-family homes or condos, owners often accommodate buyers on price. If you can acquire a property particularly cheaply, you should not underestimate the need for renovation.

Mill, half-timbering, old factory and monument protection

Above all, it is important that they inform themselves about any existing requirements of the protection of historical monuments. This applies in particular to very old farms with historic buildings such as a mill or a small factory. The implementation of conditions imposed by the historic preservation office are often very costly. Even if you are willing to invest high costs for the renovation, it is important to know in advance. We offer you support. We will obtain the necessary information from the authorities on your behalf. In addition, it is advisable for you to commission an expert to provide an estimate of the expected construction costs. This will enable you to plan not only the purchase price but also the renovation costs very well and to know what the total investment will be when buying the farmhouse in need of renovation.

Farmhouses ready for occupancy as sought-after purchase object

In some regions that have a strong rural character, farms are offered that have already been renovated. The advantage is that you can move into the property promptly without much further investment and with little work. However, there are also disadvantages here that you should be aware of.

Need for renovation of the farm

If the renovation of the farm is already completed, you will usually have to pay a higher purchase price than if you decide to buy a renovation property. This is considered an advantage due to the low further investment costs. Sometimes, you will even pay less for a farm without the need for redevelopment than the total cost of the purchase and subsequent redevelopment would be. However, it does happen that the way in which a farmhouse has been refurbished does not meet your expectations. If you still like this property and decide to buy it, you will pay the high cost of the purchase and still have to put money into the renovation.

Caution: double investment

Consider in advance whether you are prepared to make such a double investment. In this case, too, we will be happy to provide you with expert advice. Inform us about your individual ideas and we will present you with properties that come close to these ideas. In many cases we will find a farm that suits you and meets all your expectations.

Where to buy? Location, location, location! Also for country houses

The location determines the price per square metre, but also the purchase price, land transfer tax and ancillary purchase costs. Since the choice of the farm is often relatively free, an analysis of the location is worthwhile in order to find the best yield regions / properties.

• Macro = Where in Germany?
• Meso = Where in the region?
• Micro = Where exactly is the property located?

Buying real estate: Tips from the investor (external)

Buying real estate but also investing in real estate requires a lot of knowledge and expertise. The best way to learn is to draw from the experience of professionals. Therefore, in conclusion, a recommendation for real estate beginners.

External guide (link opens in new tab):

• First property purchase
• Buying real estate: What to look out for?
• Buying mistakes
• Save taxes with real estate

Comparison of cities: Purchase prices in Germany (external)

In these individual guides to the major German cities are the important districts for real estate buyers, information on the infrastructure, as well as prerequisites for the purchase such as income, creditworthiness (credit rating), banks and equity. But much more important: mistakes, risks, rental yields and more. What is decisive for the purchase price and the valuation? Everything about location, building fabric, renovations, equipment and all that, free of charge.

External guides (link opens in new tab)

City / Purchase Price Current:

• Munich ~ 8,993 Euro / m²
• Frankfurt ~ 6,701 Euro / m²
• Stuttgart ~ 6,324 Euro / m²
• Berlin ~ 5,578 Euro / m²
• Hamburg ~ 5,507 Euro / m²
• Düsseldorf / Cologne ~ 5,470 Euro / m²

Real estate as an investment: Special

1. Part: Classic or exotic investment – Which property is suitable as an investment?
2. Part: Real estate as an investment – What do I have to watch out for?

Acquire building land, garden land and farmland

Topic: Buying land. Many farms are sold with larger lands. Here it is important that you know the difference between building land garden land and farmland. In addition, you should know how you may use the respective lands.

Differences in use and development

If you would like to erect further buildings, this is only possible if you acquire building land. Garden land and farmland differ in terms of their use. We will be happy to find out for you before you buy whether there are any conditions attached to the use of the land. Sometimes it is a landscape area that is intended for a certain use. In this case, you should only purchase the property if you plan to farm the land. If you are looking for a property for purely residential purposes, it is only possible to purchase the farm if the lands become your property and are not intended for a specific use.

Not far from Munich, the Alps and the Alpine foothills. Extremely popular, especially in terms of luxury real estate. Old farms are being renovated and extended, with wellness area, carport and much more. Modern life and country air.

Conclusion: Buy Farm

The purchase of a farm should be well thought out in advance, because it is not uncommon that further inventories are required. Cities and municipalities can also determine how the land may be used. Requirements of the protection of historical monuments are not at all uncommon. Lukinski offers professional advice if you want to buy a farm. Please feel free to make an appointment for a first personal meeting, where we can present you first objects.

• Buy a holiday home

Buying a weekend house: Renting as an option

Buying a weekend house – A weekend house can be used in a very diverse way. You can spend your free time and holidays there. In addition, it is possible to rent out the weekend house and thus generate additional income. Weekend houses are quite often on offer in Hesse and Rhineland-Palatinate. There are many beautiful regions in the federal states that are very popular with the people who live there.

Some weekend homes are located in popular holiday regions. Others are considered more of an insider tip and are hidden away on the edge of the mountains, near the Main River or in the middle of nature. If you want to buy a weekend house, you can choose whether you prefer nature, water or mountains. Decide on a location that you individually prefer. Weekend homes are not designed for residential purposes. They are for recreational purposes. For this reason, it is important that you feel comfortable in the area. If you are planning a rental, you should find out which locations are particularly popular. We will be happy to assist you in this and offer you weekend houses that exactly meet your individual requirements.

• Buy weekend house

Der Beitrag Buying a farm: Procedure, broker, costs, prices & tax erschien zuerst auf ℄ Real Estates.

Divorces by mutual consent – the divorce settlement agreement makes it possible

Contentious divorces often lead to unwanted results and problems in families. Especially when joint children are involved, it is probably advantageous for all to settle the messy topic of divorce quickly and easily. Consensual divorces with divorce settlement agreements help and settle all important issues in advance. But what are the limits of these agreements, what can they regulate and what form do they need?

• Tip. Our guide for house and apartment: Selling real estate after divorce.

The most important at a glance:

• The divorce settlement agreement attempts to settle all possible points of dispute in advance of the divorce in order to make the divorce as simple as possible. These include, for example, maintenance, custody of the joint children, the procedure with joint assets or even the continuation of the joint family name.
• A divorce settlement agreement does not require a certain form, however, it is recommended to choose the notarization by a notary or the court record, since both can be used as evidence in case of dispute.
• The benefits can be used primarily by couples who desire an amicable divorce. However, divorce settlement agreements are not suitable for contested divorces or divorces that are desired by only one spouse
• The agreement on the consequences of divorce must not unreasonably disadvantage either spouse and is subject to a judicial review of its content, which can declare such provisions to be invalid.

The content – this can be regulated in a divorce settlement agreement

In a divorce settlement agreement, all things concerning the marriage and the divorce can be regulated. In general, this agreement regulates how joint assets, joint children or similar things will be dealt with after the divorce. It is attempted to clarify all points that are normally settled during the divorce in advance, in order to make the divorce as simple as possible. To a divorce succession agreement belong in detail things like the maintenance. Here, both the separation maintenance for the period from the separation to the divorce and the post-marital spousal maintenance for the period after the divorce can be regulated.

The divorce settlement agreement also regulates the custody of joint children, their maintenance and, if necessary, the right of access for the non-caring parent. In addition, the divorce settlement agreement will specify how joint assets, such as the joint home or household effects, are to be dealt with. Other possible points of a divorce settlement agreement are the agreements on the equalisation of gains, exclusion of the legal matrimonial property regime of the community of gains and agreement on the separation of property, the waiver of the right to inheritance and the right to a compulsory portion and the continuation of the joint family name.

• The divorce settlement agreement attempts to settle all possible points of dispute in advance of the divorce in order to make the divorce as simple as possible.
• The possible aspects of a divorce settlement agreement include, for example, maintenance, custody of the joint children, the procedure with joint assets or also the continuation of the joint family name.

The form – this must be observed

A divorce settlement agreement is only legally valid and binding if it has a specific form. An oral or private divorce settlement agreement is only valid as long as there is no dispute. If the statements made in the divorce do not match the document, it cannot be used as such. If you decide on a divorce settlement agreement, it is always advisable to have it notarized. This ensures that the agreement is legally binding on both parties and can be used as evidence in the event of a dispute. A notarized divorce settlement agreement is therefore the cornerstone for a quick and amicable divorce.

Alternatively, the divorce settlement agreement can be recorded orally by the court at a hearing. This alternative is also legally binding and guarantees its validity in court. In case of doubt, both documents can be used for compulsory enforcement against the spouse, e.g. to collect spousal maintenance.

• A divorce settlement agreement does not require a certain form and can be made verbally, in writing, notarized or verbally recorded in court.
• It is recommended that the contract be notarized by a notary public or recorded in court, as both can be used as evidence in the event of a dispute.

The pros and cons – a divorce by agreement

The advantages of a divorce settlement agreement are obvious. The law gives spouses a great deal of leeway in these agreements to settle all issues related to the divorce amicably among themselves. In this way, it is possible to divide the assets between them as fairly as possible, to determine the maintenance claim or even the custody itself and thus to pave the way for a tension-free and as factual as possible dealings with each other. This is especially important for joint children, who often find themselves in a conflict of loyalties during contentious divorces, which often leads to tension in the family. The advantage of an amicable divorce is also the low court and attorney fees. Contentious divorces require more time, more lawyers, and therefore more costs. To avoid this and avoid unpleasant disputes with your spouse, a divorce settlement agreement can make divorce by mutual consent simple and straightforward.

There are hardly any disadvantages with a divorce settlement agreement. However, one should always bear in mind that disputes and disagreements can arise even when drawing up a divorce settlement agreement. Especially in marriages that break up unhappily or only one party wants a divorce, a divorce settlement agreement can often not help. These agreements require that both partners are willing to discuss divorce issues by mutual agreement and are not only willing to take, but also to make concessions.

• The advantages can be used especially by couples who want an amicable divorce
• Through the divorce settlement agreement, all issues related to a divorce can be clarified privately
• However, divorce settlement agreements are not suitable for contested divorces or divorces that are desired by only one spouse

The limits – unreasonable disadvantage to one spouse

Even a divorce settlement agreement has limits. Although it may regulate everything connected with the divorce, it may not unreasonably disadvantage either of the spouses. The agreement is therefore subject to a judicial review of its content and can be declared invalid in the event of inappropriate provisions. Which provisions are ineffective is determined by the court in each individual case. An unreasonable disadvantage of a spouse is assumed, for example, if he or she will foreseeably be dependent on social welfare as a result of the agreement, or if, for example, parental custody and access rights are commercialised, i.e. access rights would be made dependent on financial benefits. With regard to these limits, there is no precise guideline as to which scenarios could lead to an ineffective agreement, as these always depend on the respective situation and are decided by the respective competent court.

• The agreement on the consequences of divorce must not unreasonably disadvantage either spouse.
• Such provisions may be declared invalid by the court
• The divorce settlement agreement is subject to a judicial review of its content

Divorce: guide, help and tips

Divorce is complex, it’s true. But you are not alone! Many let themselves separate and in fact, a large part always finds a good solution. Only a small part ends in a quarrel. So that you can prepare well, you will find here our small guides and tips on divorce, family, money and real estate.

• Divorce: Guide

Der Beitrag Divorce settlement: limits, contents and the correct form erschien zuerst auf ℄ Real Estates.

Immobilien Zeitung: Nursing homes for senior citizens in short supply

The general housing situation in Germany is a growing problem in many places. The metropolitan areas and inner cities are overcrowded, and apartments in the surrounding areas are also too expensive. Particularly with our increasingly ageing society, senior housing is also in short supply and many older people and pensioners are faced with the problem of finding suitable accommodation at affordable prices that meets their needs. The same problem is faced by those people who need a place in a nursing home, because there, too, spatial resources are more than scarce. For this reason, relatives often take over the accommodation and, in part, the care of their elderly family members or make use of care services that support them at home.

Accessibility in rented flats

Rental apartments in particular are rarely designed with the needs of older people in mind. The houses and apartments must be accessible without barriers, which means a ramp as an alternative to houses with steps in the entrance area as well as an elevator of a suitable size for apartment buildings are basic requirements. But barrier-free accessibility only begins here. The apartments must not be too cramped, so that people with wheelchairs or walkers can move from room to room without any problems. The sanitary facilities must also be adapted: Grab rails on the walls and a level shower are particularly important here.

Conversions are often expensive and are therefore often not even considered by the landlord. The alternative in this case would be an owner-occupied flat, but here too the question arises as to the financial means of the person concerned and the spatial possibilities of the flat.

Nursing homes severely undersupplied

Due to their function, nursing homes are optimally adapted to the sometimes limited movement possibilities of senior citizens. Ramps in the entrance area, lifts, door frames that are hardened, doors that are equipped with sensors and open automatically… wherever possible, the needs of the elderly are taken into account. A major problem here is the growing shortage of staff, as fewer and fewer young people are considering a career as a caregiver for the elderly. The low pay plays a role here, because the nursing homes can often pay less than they would like, as their own resources are severely limited.

Furthermore, there is also a general lack of nursing places. The existing nursing homes cannot provide sufficient space for those in need of care, but plans for new buildings are rather rare.

Real Estate News:

Federal Gazette about strongly rising real estate prices in the last year

This week at Bundesanzeiger among others ” Back to reason? ZIA welcomes Berlin’s commitment to the constitution” but also “vdp index: property prices rise strongly again in 2018”. New articles, headlines and trends:

• vdp-Index: Property prices rise strongly again in 2018
• Back to reason? ZIA welcomes Berlin’s commitment to the constitution
• ZIA: Failure to appoint the building commission is a mistake

Berlin.de reports: Rising property prices also in Berlin

New articles and posts from Berlin.de this week include ” CDU fails with motion of disapproval against Lompscher” and “Rise in rents and purchase prices highest in Berlin”. More headlines of the week:

• CDU fails with motion of disapproval against Lompscher
• Alliance for Affordable Housing has spurred new construction
• Rents and purchase prices rise most in Berlin

Süddeutsche Zeitung with focus on modular building of the future

This week’s Süddeutsche Zeitung blog is about ” When words fail you” and “Vorgebaut”. Updates and news from the blog:

• When words fail
• New building area in Moosen
• Pre-assembled

Real estate newspaper on the shortage of nursing homes for seniors

This week Immobilien Zeitung has interesting topics like “Alarming shortage of senior housing” and “New construction is already at €9,000/m²” on the blog. The posts and more tips can be found here:

• Alarming shortage of senior housing
• Coworking shows no “waning momentum
• New construction is already at 9,000 euros/m²

Manager Magazin on the real estate boom in rural Germany

There are also new headlines this week from Manager Magazin such as “Aspen, Alps and Co: The most expensive ski resorts in the world” as well as “Rising market prices around big cities: real estate boom reaches the flat countryside”. More headlines:

• Rising market prices in the environs of the big cities: real estate boom reaches the flat countryside
• Aspen, Alps and Co: The most expensive ski resorts in the world
• Metropolis sues Airbnb: Paris demands millions from Airbnb for ‘illegal’ accommodation

Share prices: Winner of the week

German Geothermal Real Estate

German geothermal real estate with +20.00% this week (real estate in Germany) distributed on €1.45 million

• Price change (week): +20.00 % (€ 1.00) to currently € 1.20
• Daily rate: +9.09 % / Monthly rate: -34.78 % (1.84 €)
• 3 months: -7.69 % (1.30 €) / 12 months: -62.50 % (3.20 €)
• WKN: A16122 / ISIN: DE000A161226

Dream Global Real Estate Investment Trust

Dream Global Real Estate Investment Trust up +6.14% this week (real estate in Canada) with a volume of €1.15 billion

• Price change (week): +6.14 % (€ 8.63) to currently € 9.16
• Daily rate: +2.35 % / Monthly rate: +12.81 % (8.12 €)
• 4 months: +4.09 % (8.80 €) / 13 months: +18.19 % (7.75 €)
• WKN: A1131Y / ISIN: CA26154A1066

Godewind Real Estate

Godewind Immobilien up +4.18% this week (real estate in Germany) listed on CDAX, Prime All Share, Classic All Share, DAX International Mid 100 with a volume of 108.8m (as of 24.09.18) and a market capital of €395.3m

• Price change (week): +4.18 % (€ 3.489) to currently € 3.635
• Daily rate: -1.62 % / Monthly rate: +8.41 % (3.353 €)
• 5 months: +30.29% (€2.79) / 14 months: (-)
• WKN: A2G8XX / ISIN: DE000A2G8XX3

Der Beitrag Price growth, senior housing & real estate boom – Real Estate News erschien zuerst auf ℄ Real Estates.