Tag Archive for: Protection
Inflation high, interest rates rising: Real estate loan & follow-up financing tips
Inflation high, interest rates rising – Inflation is higher than it has been for decades! The consequence: Rising interest rates for loans. What to do when inflation is high and interest rates are rising? The best idea: buy real estate and do it quickly to secure the favorable interest rates now. What only 1% interest […]
Building Savings Explained: Building Savings Contract, Definition, Comparison, Contracts + Costs
The decision to save for a building loan is a long-term and well thought-out consideration. Besides comparing different tariffs and building savings, there are other things to consider. A building saving contract usually aims for a smaller sum and is only intended to supplement the actual real estate financing. You can find out everything you […]
Notarisation of a purchase contract – notary, notarisation date and payment
Notarization – In order to draw up a purchase agreement for a property, it must be notarized. The purpose of notarization is to protect the buyer and seller from hasty decisions and to ensure that the interests of both parties are properly recorded. The recording of the interests is carried out by a notary, who […]
Subjection to execution for the purchase price of a property
Foreclosure Submission for Purchase Price – Every real estate purchase agreement contains a submission clause. This clause states that the seller of a property can immediately foreclose and seek payment of the purchase price from the buyer if the buyer fails to pay the purchase price on time. The purpose is so that the seller […]
Default reserve (WEG) in the event of insolvency
Default reserve (WEG) – The default reserve comes into effect in the event of the insolvency of a condominium owner if there is a risk that the owner will no longer be able to meet his financial obligations. In order not to endanger the entire community by the insolvency, this default reserve can be determined, […]
Annual lock-up period of the rent increase
Annual freeze period – If the landlord wants to increase the rent, he can only demand this if the rent has been unchanged for 15 months. These 15 months are made up of the 12 months of the annual freeze period and the three months of the tenant’s cooling-off period. The annual freeze period is […]
Water damage in the property – and now?
Damp patches on walls, floors or ceilings and a musty, damp smell are the first signs of damp in the house. Water damage is then not far away. There can be a wide variety of causes for this and not all of them directly mean high costs and major damage. Water damage – insurance, cause […]
