Adoption of a resolution (WEG) – Adoption of a resolution is a decision that is voted on in the condominium owners’ meeting. 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, the business plan […]
Resolution (WEG) – The resolution of a condominium owners’ association (WEG) concerns matters that were jointly voted on and decided in the condominium owners’ meeting. 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’ meeting Concerns matters of […]
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. The special feature of this action is that it directly changes the legal situation due to the elimination of the legal effects. The action […]
Current account – A current account is used to handle your daily financial transactions. You use it as a salary account, for purchases and for all transfers and debits that become necessary in everyday life. Current accounts are offered by all banks and savings banks. Before opening a current account, it is strongly recommended to […]
