The current residential/commercial buildings from RIEDEL

The declaration of division is regulated in § 8 of the Condominium Act (WEG). The declaration of division can be described as the "statutes" or "basic law" of a divided property, as all the essential rights and obligations of the co-owners are established here.

Most property developers largely exclude the purchaser's own contribution, as delimitation problems arise with regard to warranty and defect removal claims.

This depends, among other things, on the value of the property in conjunction with the tax allowances. Consultation with a tax advisor or accountant with corresponding costs is advisable.

The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.

This depends on the income situation as well as the use. In other words, whether the property is acquired for own use or as an investment.