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Translation of a shared ownership agreement from German If the use value is redeterminated after incorporation of the residential property according to § 9 of the German Condominium Act, likewise due to architectural alterations during an attic expansion etc., the contracting parties have to mutually acquire or to convey the co-ownership shares required, so that each of the contracting parties receives it’s demanded minimum proportion after the redetermination of the use-value to establish it’s co-ownership. No fee is to be paid for conveyance or for acquisition of these co-owning shares. All possible taxes and fees are to be paid by the seller.

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