Who sells a condominium from a homeowners’ association (WEG) moves within a significantly narrower legal framework than when selling a freestanding house. Management approval under § 12 WEG, housing fee settlement, maintenance reserve, approved special levies, annual settlement — each of these points can shift the purchase price by several thousand euros or cause the […]
Insolvency of estates – When you deal with the topic of real estate, you always come across words that are not immediately meaningful. You suddenly find yourself in a situation you have never been in before and for this reason you often need advice quickly. In this article, you will learn everything you need to […]
Homeowners Association – The homeowners association are the owners at a property with multiple homes. Two parties, consent rental, voting rights & tax declaration, on the subject of community of owners, there are many technical terms and legal requirements that you need to know. Owners’ association at a glance They hold regular owners’ meetings to […]
Selling real estate in Wiesbaden – Wiesbaden, the capital of Hesse, is one of the oldest spa towns in Europe. With a population of around 290,000, it is one of the ten most prosperous cities in Germany and is also considered to be a place with growth in jobs and people looking for housing. Real […]
Duty of Disclosure – Once a decision has been made to purchase a property, the purchaser must be made aware of all important aspects of the purchase. A duty of disclosure exists when the seller feels obligated to disclose certain facts about the property and the prospective buyer can expect the seller to be honest […]