Power of attorney – A power of attorney, i.e. authorising a person to act on their own behalf, can be issued informally. Real estate purchase contracts must be notarized. For this reason, it is necessary that the authorisation of a third person is also notarised. The registration of the changed circumstances in the land register […]
Property management contract – condominium associations usually have a property manager who takes over the management of the common property. 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 depends on the expense, […]
Auction – There is on the one hand the forced auction of a property or on the other hand the partition auction. A compulsory auction takes place when the owner can no longer pay the debts relating to the property. A partition auction takes place when the ownership of a property is divided among several […]
Marketing strategy – In order to achieve the best possible price for a plot of land or a property, you need a marketing strategy. A real estate agent has usually acquired a marketing strategy through a lot of experience. In order to avoid a large number of enquiries from prospective buyers, it is important to […]
Market value – The market value of a property determines the combined value of a property in terms of location, popularity and material value. When a property is to be sold, the purchase price is based on the fair market value of the property. An appraiser prepares a market value appraisal that sellers and buyers […]
Restriction on sale – A person who owns a dwelling or part of a dwelling is entitled to sell this property. If the owner is a member of a community of owners, the members of the community have the interest that the new owner is appropriately integrated into the existing group. For this reason there […]
Ventilation – Regular ventilation adapted to the season can prevent the development of mould and ensure a good indoor climate. Disagreement about regular heating and ventilation by the tenant is often the cause of disputes between tenant and landlord. Consumer organisations and landlord associations offer information on this topic. Ventilation at a glance: Healthy air […]
Brokerage – An amount of money that a real estate agent or real estate company receives when a purchase, rental or lease agreement is successfully brokered. In real estate, these amounts are set by law and are based on the purchase price of a property or the set monthly rent for the particular rental property. […]
Carport – A covered shelter for vehicles that may have side walls. There are usually no lockable doors, as is the case with a garage. The roofing ensures that the car is protected from environmental conditions such as snow. Carport at a glance: Open garage for your car Covered shelter for vehicles No lockable doors […]
Change of encumbrance – When a purchaser buys a property, not only does the benefit of the property pass to him, but also the encumbrances. The encumbrances include all outstanding payment obligations related to the property. These encumbrances can come about privately or under public law. A public burden refers, among other things, to the […]
Deletion authorisation – Before a right entered in the land register can be removed, the person to whom this right belongs must grant a deletion authorisation. This deletion permit can be obtained by the seller or the appointed notary if the claim to which the third party is entitled has been settled. Cancellation Grant at […]
Unencumbered – A seller of a property is obliged to hand over the property to the buyer unencumbered. Unencumbered means that no third party rights to the property may be entered in the land register. If third party rights are nevertheless listed in the land register, it must be discussed which ones are to be […]
