Exclusive apartment with balcony terrace

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.

In German brokerage law, a broker's sole commission is a contract that defines an exclusive contractual relationship between a broker and the client. In the case of a sole commission, the client binds himself to a single broker who, in return, is obliged to provide a service.

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.

Excellent market knowledge is essential for the valuation of single-family homes. In Germany, an owner-occupied single-family house is generally valued using the asset value method (§§ 21-23 ImmoWertV).