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.
Search from various English teachers...
Corrections · 0
Don’t miss out on the opportunity to learn a language from the comfort of your own home. Browse our selection of experienced language tutors and enroll in your first lesson now!
Start Learning Today
