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Real Estate Glossary

Lease Contract Documents

If you acquire a let apartment as private investment, the existing tenancy will survive the change in ownership. Prior to the sales transaction, you will be given all relevant lease contract documents, such as the lease itself and supplementary agreements, if any. Once you acquired the apartment, all remaining lease contract documents will be turned over to you. These include the running cost settlements of recent years, along with an overview of the rent receipts. Upon request, additional details that the tenant may have provided when renting the apartment, will also be disclosed to you. Relevant documents that come to mind include proof of income, a credit rating from the German Credit Protection Agency SCHUFA, or a proof of rent payment certificate.

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.”

We hope you enjoy our encyclopaedia!