Beautiful classic detached house from 1935

The "hereditary lease" is prohibited by law in Germany today. Colloquially, however, the "Erbbaurecht" is often referred to as "Erbpacht". A "hereditary building right" is a right equivalent to real property which is formed in a separate "hereditary building right land register".

When purchasing a newly built property, a building description is attached to the certified purchase contract as an essential part.

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

Before buying a property, the building fabric and building services should be examined in detail. In the case of houses, the building must be thoroughly examined from the outside. Are the facade, windows and doors in order? Is there a need for repair? The gutters, downpipes and exterior lighting should also be considered.

This depends on the income situation as well as on the amount of equity capital invested in order to enable an extensive debt relief until retirement age.