Vocabulary

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Sachwert: Real value

The real value is the value of the property which is made up of the land value, the building value of the building and the value of the outdoor facilities. It also serves to determine the hypothecary value of an owner-occupied real estate.

Sondernutzungsrecht: Right of special use

The right of special use clarifies the sole use of certain areas and rooms which are actually part of the collective ownership. This is issued, for example, for the garden or a terrace for ground floor apartments or parking spaces. The rights of special use are governed by the declaration of division.

Sonderumlage: Special fees

Special fees are payments not foreseen, for example, repairs which were not initially calculated and thus cannot be financed with common charges.