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Dutch civil-law notary cannot execute a deed under German law

Dutch civil-law notary cannot execute a deed under German law

On the basis of two rulings by the German Bundesgerichtshof from 1981 and 1989, the belief arose that deeds under German law can be executed by civil-law notaries not practising in Germany. In particular, it would be possible to transfer shares in German companies or incorporate legal entities under German ... Read More »

Crackdown on mortgage interest tax relief for landlords

Crackdown on mortgage interest tax relief for landlords

The Chancellor’s recent announcement in the Autumn Statement regarding a rise in the amount of SDLT payable by landlords and second home owners has received much attention in the media. However, last summer’s Budget contained another key announcement that landlords need to be aware of. Currently, buy-to-let landlords can deduct ... Read More »

The Bestellerprinzip (Whoever commissions somebody must also pay)

The Bestellerprinzip (Whoever commissions somebody must also pay)

The amendment to § 2 of the German Housing Agency Laws (WoVermittG) was introduced on June 1, 2015. The following basic principle that now applies is that the person who hires the realtor must also pay the realtor’s commission. This law applies only to brokering rental contracts for apartments. The ... Read More »

Principles of the Land Registry in the Czech Republic

Principles of the Land Registry in the Czech Republic

The new legislation on the Land Registry in the Czech Republic (related to the New Civil Code) is based on the following fundamental principles: Material Publicity Principle The land registry will be governed by the material publicity principle, i.e. the protection of good faith. If the entry made in the ... Read More »

Means of protection against the wrong entry into the Czech Land Registry

Means of protection against the wrong entry into the Czech Land Registry

If the entry made in the Land Registry does not reflect the actual legal status, e.g. an incorrect property owner is registered, it is possible to: Request the competent Land Registry to remedy the situation – deletion of the entry, Apply with the competent Land Registry for the registration of ... Read More »

Bidder in online auction not bound by error for now

Bidder in online auction not bound by error for now

On 25 June 2014 the forced sale of a business premises took place online with an ascending-bid session and descending-price session. After the starting bid had been set at € 514,000.00, the descending-price session took place, during which X agreed to the bid of € 550,000.00. Only after this did ... Read More »

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Conditions for sale of housing association homes relaxed (MG 2013-02)

Conditions for sale of housing association homes relaxed (MG 2013-02)

Housing associations are not automatically permitted to sell their housing stock. Especially if homes are sold at a discount, the association must comply with regulations imposed by the minister. The present conditions for selling homes to natural persons for own occupation at a discount of more than 10% have now ... Read More »

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