Mortgage Interest – What is mortgage interest? Does USA have high mortgage interest rates? What are the current mortgage ratesMortgage and mortgage interest are complicated topics, but this easy guide will explain everything you need to know. A word most people hate to hear. Financing your home, saving money on financing your home is difficult. […]
Buying Property – Buying a house means a lot of additional costs. We explain which hidden fees you have to pay, how much they are, and what to look out for when buying a home, we explain here. We give a detailed overview and how-to guide on the additional fees and extra costs that you […]
Adoption of a resolution (WEG) – Adoption of a resolution is a decision that is voted on in the condominium owners’ meeting. More on Lukinski. The wording regulates certain matters which are passed in the meeting by the quorum of the condominium owners. Typical resolutions are, for example, those on the annual statement of accounts, […]
Resolution (WEG) – The resolution of a condominium owners’ association (WEG) concerns matters that were jointly voted on and decided in the condominium owners’ meeting. Explore back to overview. However, resolutions can only be passed by condominium owners if they have a statutory resolution authority. Resolution (WEG) at a glance: Result of the condominium owners’ […]
Action for annulment – By means of an action for annulment, a condominium owner may challenge a resolution of the condominium owners’ meeting and have it declared invalid by the court. More on back to overview. The special feature of this action is that it directly changes the legal situation due to the elimination of […]
The real estate agent commission has been legally revised in Germany since December 23, 2020 — and exactly that makes it an often underestimated factor in real estate investments. When purchasing a condominium for 500,000 €, the commission in many federal states represents an additional burden of 17,850 € gross, which directly reduces the capital […]
Change of encumbrance – When a purchaser buys a property, not only does the benefit of the property pass to him, but also the encumbrances. The encumbrances include all outstanding payment obligations related to the property. These encumbrances can come about privately or under public law. A public burden refers, among other things, to the […]
