Good day,
I hope I have posted in the right subforum.
I am planning to build a house on my own land in Hessen at some point.
I often encounter the same issue:
I do not want to acquire a leasehold property (ground lease). The land should belong to me "completely."
Some listings also mention that the property is leasehold.
Here are my specific questions:
Can a purchased plot of land that was NOT acquired as leasehold still be subject to expropriation?
How can you tell if a property might be leasehold, other than it being explicitly stated in the listing? I don’t want to waste valuable time in inquiries only to later realize that although it is not literally mentioned, there is some kind of "code" or other indication in the listing that experts recognize as a leasehold reference, meaning it actually is leasehold.
How does property law generally work in Germany? Does it vary from state to state or is it uniform?
Can it generally be said that property rights in Germany are better or worse compared to neighboring countries such as Austria, Switzerland, or France?
And the most important question: how can I be sure that the land I purchase belongs solely to me?
Best regards
alwayssearchin
I hope I have posted in the right subforum.
I am planning to build a house on my own land in Hessen at some point.
I often encounter the same issue:
I do not want to acquire a leasehold property (ground lease). The land should belong to me "completely."
Some listings also mention that the property is leasehold.
Here are my specific questions:
Can a purchased plot of land that was NOT acquired as leasehold still be subject to expropriation?
How can you tell if a property might be leasehold, other than it being explicitly stated in the listing? I don’t want to waste valuable time in inquiries only to later realize that although it is not literally mentioned, there is some kind of "code" or other indication in the listing that experts recognize as a leasehold reference, meaning it actually is leasehold.
How does property law generally work in Germany? Does it vary from state to state or is it uniform?
Can it generally be said that property rights in Germany are better or worse compared to neighboring countries such as Austria, Switzerland, or France?
And the most important question: how can I be sure that the land I purchase belongs solely to me?
Best regards
alwayssearchin
S
saralina8715 May 2020 08:02Just to add:
At work, I see several expiring ground lease contracts every week – the proportion where the lease is not extended or where the leaseholder does not eventually acquire the property for next to nothing is really, really, really small.
At work, I see several expiring ground lease contracts every week – the proportion where the lease is not extended or where the leaseholder does not eventually acquire the property for next to nothing is really, really, really small.
M
Matthew0315 May 2020 08:24alwayssearchin schrieb:
How do you know that I am standing in my own way with my considerations (of any kind) when these considerations concern the purchase of a plot of land? Is that question serious? I have already given you the answer to that throughout the entire post.
Do you also answer my questions, or do you just take individual sentences out of context?
These were my questions:
Matthew03 schrieb:
Where does this completely unnecessary fear of expropriation come from?
Did you grow up in Germany? Otherwise, I can only agree with @nordanney; if so, then logically, you should hardly be allowed to "do" anything anymore...
S
saralina8715 May 2020 08:40alwayssearchin schrieb:
Is it not typically the case with a leasehold that the house can stand on the property for around 100 years, and then the landowner has the right to acquire the house? (Let me guess, if the answer is yes, then I would get the "market value"?) Could it be that you understand these clauses as "expropriation"?
If so, yes: it is more likely with a leasehold since it is contractually regulated.
However, in practice this rarely happens.
N
nordanney15 May 2020 09:06By the way, we all lose a little bit of value every day. Savings interest rates are practically 0%, while inflation is higher. It just isn’t called expropriation.
saralina87 schrieb:
The share where the lease is not extended or where the ground lessee does not ultimately acquire the property for next to nothing is really, really, really small.I believe the frequency of extensions, but I consider it unusual to effectively turn it into a lease-to-own arrangement in the end. nordanney schrieb:
The 100,000 questions are your problem. The average home builder asks far fewer and focuses more on the location.Even ten thousand questions are definitely too many. A few weeks ago, Shiny86 experienced here that after 800 posts without any progress, even I gave up on a lost cause.https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/