Transfer of ownership in the contract of sale – By concluding the contract of sale, not only does ownership of a property pass to the purchaser, but the purchaser also assumes all risks, taxes and burdens associated with ownership of the property. This allows the new owner to do with the property as they see […]
Building energy passport – The building energy passport provides data on the energy efficiency and the energy costs of a building and serves to evaluate its energy efficiency. The basic principles of this passport are regulated in the Energy Saving Ordinance (Energieeinsparungsverordnung) and oblige the owner to provide the prospective tenant with a building energy […]
Children (neighbourhood law) – Children make noise, which is a natural and normal form of expression of their urge to move, communicate and play. Accordingly, children also enjoy certain freedoms in neighbourhood law. When neighbours complain about noise, in most cases a decision is made in favour of the children, as their behaviour may not […]
Broker permit – If one proves commercially the contract conclusions over properties or dwellings, one needs a permission of the responsible authority, the broker permit. The permission is granted only if the applicant can prove his reliability, he lives in orderly financial circumstances and he presents a clearance certificate of his competent tax office. If […]
Production costs – Production costs are a valuation standard for manufactured assets and economic goods that have been produced in whole or in part in the company’s own operations. These are not only costs for the production of an object, but also the costs for its expansion and improvement. Production costs are therefore all costs […]
Standard land value map – The standard land values, which are determined by the municipal expert committees, are published in the standard land value maps. This map can be viewed by anyone and forms the basis for determining the asking and selling price of a property. Among other things, the standard land value map contains […]
Rent increase – The increase of the rent can have different reasons. For example, the landlord has the right to increase the rent if he wants to carry out modernisation measures or to adjust it to a general rent increase. However, the rent may only be increased 15 months after the last rent increase at […]
Building encumbrance – The building encumbrance is the public burden of a property owner vis-à-vis the building authority, which obliges him to do, to refrain from doing or to tolerate certain things concerning the property. This burden is registered in a building burden register kept by the city or municipality at the building supervisory authority. […]
Residential right – The residential right is the right of the owner of the residential right to personally use a building or a part of the building. However, the owner of the residential right is only entitled to live in the building, but not to carry out commercial activities. The residential right is a right […]
Building permit – A building permit is the permission granted by a competent authority to erect a structure on a plot of land. Before a building permit is issued, a preliminary building application must be requested from the building supervisory authority. However, anyone who builds without a building permit risks not only a sanction in […]
Compulsory mortgage – A compulsory mortgage is the registration of a mortgage in the land register in the course of a compulsory execution. A forced mortgage is also considered a security mortgage, but unlike a normal mortgage, it is not contractually agreed and is entered in the land register in the course of the foreclosure. […]
Ideal division – In the ideal division of a property, co-ownership of several owners is created, which is entered in the land register. 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 declaration it is to […]
