Real Estate

The purchasing of a property or of a condominium is usually of considerable economic importance. Therefore, both sellers as well as buyers, have a particular interest in an exact formulation and a reliable handling of the contract. For this reason, the certification by a notary, of the property sales contract, is required by law.

There are special conditions that exist when purchasing a turn-key house. In this case, there is a so-called developer’s building contract, which in addition to the purchasing contract for the property, also contains the special work-contract arrangements concerning the construction of the house.

There are special conditions that exist when purchasing a turn-key house. In this case, there is a so-called developer’s building contract, which in addition to the purchasing contract for the property, also contains the special work-contract arrangements concerning the construction of the house.

In the case of purchasing contracts, the buyer can often only pay the purchase price with the help of a bank loan. He enters into a separate loan agreement with the bank in this case. In addition, the bank usually requires collateral security in the form of a land charge agreement. This also generally requires notarial certification; the notary will assist you in ordering the land charge.

The purchasing of an apartment is far more complex than the purchasing of a house. The owner of an apartment can’t do as they like, as a home owner generally can. The boundaries of ownership are defined in the so-called declaration of division, which determines which rooms are assigned to individual apartments as specially-owned property. The so-called community regulations ultimately regulate the relationship between the apartment owners among themselves, and the relationship between the latter and the appointed management authority. The division into residential property by registration of the declaration of division and community rules into the land charge resister, which is drafted by the notary, is therefore of particular importance.