Selling an apartment in the case of a community of heirs – When the deceased leaves a house or a condominium, the heirs are faced with the question of what to do with the property. Often, they decide to sell it. However, selling a home through a community of heirs can be a complex matter […]
Condominium owners’ association – The condominium owners’ association (WEG) is one of the many forms of housing that exist in Germany. It is a community of owners who share a residential complex. In this article, we would like to provide you with basic information about the WEG and go into the most important aspects, such […]
Limited partnership (KG) – The limited partnership is a German legal form founded by two or more persons and managed by at least one partner. The main feature of this legal form of business is the division of liability risk: at least one partner has unlimited liability and at least one partner has exclusive business […]
General partnership (OHG) – The general partnership is a German legal form founded by two or more persons and managed by at least one partner. As the name suggests, it is primarily focused on commercial enterprise and is thus subject to the German Commercial Code (HGB) in the legal sense. Back to all: Legal forms. […]
Power connection – A power connection refers to a power connection of at least 400 volts. This is usually found in a kitchen or garage and is used to connect appliances with a high current load, such as an oven, stove or sauna. Heavy current is actually called three-phase alternating current because of the three […]
Winter clearing obligation – The winter clearing obligation is the obligation to ensure traffic safety in snowy and icy conditions in order to prevent accidents. This obligation exists for every resident on a road, driveway or sidewalk. If in doubt, you should seek advice from an expert body, as there are extensive regulations and legal […]
Laundry room – The laundry room is a room equipped for washing laundry, usually located in the basement. Nowadays, the term is used for rooms that are intended for the installation of washing machines and/or dryers. In apartment buildings, there are water and electricity connections for the washing machines, which record the consumption via the […]
Inherit debts – An inheritance does not primarily mean wealth and new possessions. An inheritance is often loaded with debts and means a lot of responsibility for the heirs. After death, the heirs take over not only the assets, but also the rights and obligations of the deceased. If this includes debts, the heirs are […]
Ideal division – In the ideal division of a property, co-ownership of several owners is created, which is entered in the land register. Visit back to overview. In this case, the property is not actually divided into independent parts, but the owners regulate their rights and obligations in a notarised declaration of division. In this […]
Sole heir – The sole heir is the one who receives the entire estate of a deceased person. Tips: sell your property. However, if there are several legal heirs, the heir becomes the sole heir if he is expressly mentioned as the only one in the will. The acceptance of the inheritance is also accompanied […]
Property management contract – condominium associations usually have a property manager who takes over the management of the common property. Explore back to overview. A management contract is drawn up for the transfer of this task. This management contract defines the rights and obligations of the manager vis-à-vis the condominium owners’ association. The administrator’s remuneration […]
Who does not know it, the problem with the craftsmen? It has become a cliché over the years, but the experience is confirmed again and again. The craftsmen come too late, do not keep appointments or do not leave their workplace as they should. Of course, there are also many exceptions to this prejudice. But […]
