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Real Estate Glossary

Smoke detector – battery powered lifesaver

Smoke detectors are battery-operated devices that are installed in buildings and that trigger fire alarm to warn the people in the building. In some the states, the installation of smoke detectors is regulated by the law. Currently, this affects all states with an exception of Berlin, Brandenburg and Saxony. The owners of residential buildings or condominiums in those states are responsible for the installation of smoke detectors, with an exception of Mecklenburg-Vorpommern. Here the dweller, this means the tenant or the owner-occupant, is responsible for the installation. However, smoke detectors must not only be built, but also be functional and ready to use at all times. It differs from state to state who is responsible for that. For example in Bremen and Bavaria the occupant of the apartment has to take care of that, in Hamburg the owner of the apartment or the landlord.

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!