What is a land register?
The Land Register is an official, conditionally public register of land parcels, in which, for example, ownership details and, where applicable, rights attached to the land parcel as well as any encumbrances on it are recorded. Under Section 3 of the Land Register Act (GBO), each plot of land is assigned a specific entry (land register page) in the Land Register.
The land register page is to be regarded as the land register for the plot of land within the meaning of the Civil Code. All deeds and court records that have led to entries are archived in the land register file.
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- Recht & SteuernKaufen
What exactly is a ‘life lease’?
The ‘hereditary lease’ is now prohibited by law in Germany. In everyday language, however, the ‘right of hereditary leasehold’ is often referred to as a ‘hereditary lease’. A “hereditary building right” is a right equivalent to a property right, which is recorded in a separate “hereditary building rights register”. - Recht & Steuern
Gifting property: costs and valuations
This depends, amongst other things, on the value of the property in conjunction with the tax allowances. It is advisable to seek advice from a tax adviser or chartered accountant, bearing in mind the associated costs. - Recht & Steuern
What is a declaration of division?
The declaration of division is governed by Section 8 of the Condominium Act (WEG). The declaration of division can be described as the ‘articles of association’ or ‘constitution’ of a divided property, as it sets out all the essential rights and obligations of the co-owners. - FinanzierungKaufen
Documents required for a mortgage
When assessing a property loan application, the bank requires various documents relating to your personal details, your income, your assets and the property itself. Gathering these documents well in advance makes the process smoother and can save you valuable time. This can be crucial, particularly in a competitive property market such as Munich.
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