Settlement of community of heirs – If a deceased person leaves several heirs and the division of the estate among the heirs is not consensual, the division is determined by law. See our property terms. Since the estate is a joint property, the co-heirs can only dispose of the inheritance jointly. If this joint disposition […]
Declaration of division – In the declaration of division, a property is divided into co-ownership shares. This means that the owner specifies that the ownership of a property is to be divided in such a way that each share is associated with the separate ownership of an apartment or a room not used for residential […]
Partial legal capacity (WEG) – Partial legal capacity is the ability to be the bearer of rights and obligations, to participate actively in legal transactions as a legal entity and to sue and be sued in legal proceedings. Partial legal capacity also means that a condominium owners’ association does not have all the rights that […]
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. Our guide: […]
