Tag Archive for: Permanent

Structural changes (WEG) must be formally resolved

Structural alterations (WEG) – In the case of condominium owners’ associations, a structural alteration refers to certain construction measures and is to be assumed if it fulfils the following four points. It counts as a structural change if a construction measure is designed to be permanent, it is carried out after the condominium has come […]

Depreciation of property

Decrease in age value – Decrease in age value refers to the total useful life of a property in connection with the market value. If the remaining life of a property is shortened, a reduction in age value is taken into account. Factors to be considered are, for example, construction defects or technical obsolescence of […]