Noise – There are regulated quiet times during the day. These are on the one hand the night rest from 22:00 o’clock to 6:00 o’clock and on the other hand the midday rest from 13:00 o’clock to 15:00 o’clock. During these rest periods, all noise is prohibited. The noise guide values of the Technical Instructions […]
Purchase price manipulation – The higher the agreed purchase price of a property, the higher the real estate transfer tax. For this reason, it happens from time to time that contracting parties agree to state a lower purchase price in the purchase contract in order to keep the land transfer tax lower. The part of […]
Compost heap – The Closed Substance Cycle and Waste Management Act states that composting in one’s own garden is permitted and desirable. Restrictions occur if the neighbour is bothered with unreasonable nuisances, such as the occurrence of rats. The extent and duration must be significant. Compost piles at a glance: Decomposition of organic material Recycling […]
Land registry office – The land registry office is a state authority where the inventory of land in Germany is kept. In this inventory, the land is listed according to parcel, parcel number, and land registry. Each federal state maintains its own inventory for the properties located on its territory. Land registry at a […]
Municipal Charges Act – Municipalities and associations of municipalities are entitled to levy municipal charges in accordance with the Municipal Charges Acts. Municipal levies include, among others, contributions, fees and taxes. The collection of the levies takes place in two steps. First, a levy statute is drawn up within the municipality. On the basis of […]
Capital gains tax – Since 01.01.2009 there has been a capital gains tax for private capital gains. The purpose of this regulation is a uniform taxation of silent participations, interest, income from endowment insurance policies, dividends, capital gains with shares in corporations and the sale of life insurance policies. Cooperatives, insurance companies, credit institutions and […]
Collection of purchase prices – Collections of purchase prices are compiled by a municipality’s expert committees. They determine data for the valuation of a property, among other things on the basis of standard land values. All entitled interested parties have the right to obtain information about a collection of purchase prices. A notary is obliged […]
Capital investment – If a property is rented out and the landlord achieves a return through rental income, an important criterion for the possible designation as a capital investment is given. Another criterion of a real estate investment is that the relationship between purchase price and annual rental income must be correct. The purchase price […]
KfW – KfW is the abbreviation for Kreditanstalt für Wiederaufbau. KfW is a public law institution and the largest national promotional bank. Its goal is to improve the social, economic and ecological conditions in Germany. KfW at a glance: Improving domestic conditions Abbreviation for Kreditanstalt für Wiederaufbau (Reconstruction Loan Corporation) Institution under public law and […]
Purchase contract – A purchase contract defines which right a buyer acquires from a seller at which purchase price. Important details concerning the purchase of real estate are stated in the purchase contract. The signing of a real estate purchase contract is carried out in the presence of a notary. Purchase contract at a glance: […]
Cold rent – The cold rent refers to the rental price, without the inclusion of additional costs. Many landlords demand an advance payment for ancillary costs in addition to the cold rent. Depending on whether the actual consumption was higher or lower, the tenant is refunded the difference at the end of the year, or […]
Art on the building – Art on the building refers to the artistic change of a building. This alteration can be a mural, or a statue incorporated into the building. The artistic alteration of a building can, depending on the quality of the artwork and the reputation of the artist, influence the value of the […]
