Leasehold (Erbbaurecht), Not Full Ownership
What does it mean?
The listing offers an Erbbaurecht — you own the building but not the land, and pay an annual ground rent (Erbbauzins). The right expires on a fixed date, financing can be harder, and Heimfall rules may apply.
Is this a problem when buying?
Something to clarify before buying. Not an automatic deal-breaker, but worth checking.
What you should do as a buyer
Check the Erbbaurechtsvertrag for the ground rent, the remaining term, and indexation. Factor the Erbbauzins into your total cost and confirm a bank will finance it.
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