The land register is a public record for evidence of title or other rights of use to properties. The German name is “Grundbuch.” In Germany, the land register provides the following data on each property:
- location and size of the property
- leasehold rights (including without being limited to ground leases or freehold ownership rights)
- the name of the owner and, whenever there is more than one owner, the share owned by each
- land charges and restrictions (including, inter alia, priority notices of conveyance, easements, and restraints on disposal, such as rights of pre-emption or rights of residence)
- mortgage liens, such as, mortgages and property charges.
The records of the land register are kept by the land registry. However, if changes to the land register need to be made, e.g. due to the purchase of a freehold, an application must be filed that is processed by the proper district court.
Whether Prior to an Acquisition...
Even ahead of an acquisition, the Accentro Real Estate Encyclopaedia offers interesting facts and decision guidance: We will coach you through the first steps on your path to homeownership. For instance, it provides information on the process flow of a condominium purchase. It will also tell you what sort of documents you need in order to buy property, and where to obtain them.
... or after – Our Real Estate Encyclopaedia Provides the Answers You Need
Once you have bought a property, you may wonder who is going to manage your condo and how. After all, caretaking your property is one of your main obligations as a condominium owner. In addition to numerous tips and suggestions, you will find answers here to many questions involving the property management subject, such as: What does “individual freehold ownership” mean? What exactly do “condominium regulations” govern? And what does the term “condominium fee” imply? In addition, we elaborate subtle differences between terms such as “real estate management” and “corporate real estate management.”
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