Tag Archive: law & taxes

Rental Housing

What is behind the term ‘ divisional ‘ landlord hides as there are to observe a lot and to manage. So, the Declaration of Division is an important document for the allocation of the residential complex. The real estate portal myimmo.de explains what it is exactly and what is about to take note. The Declaration of Division is the release of the property owner about the individual ownership units in the residential complex and is equivalent to a scheme plan, which maintains the individual ownership of the premises. This declaration must be held because safeguarding the legal relationships in the land register. So you can with the Declaration of Division exactly set the co-ownership, the special, as well as community ownership.

The exact allocation is done by an architectural drawing showing location and size of the allocation. The private living room must be marked clearly with a single number, as he otherwise not can be allocated to the special property. This will forget to indicate, for example, a room in the House is automatically attributed to the community property and the law null and void. A detailed examination of the Declaration of Division is therefore mandatory. Still, it is not possible to arbitrarily declare owned special equipment, if these are legally secured community ownership. These include for example Windows, because they are architecturally-designed components. Only the inner elements, such as the painting or the handles are connected with the special property. More information: news.myimmo.de/teilungserklaerung… University Service GmbH Lisa Neumann