Baurecht
English translation: leasehold
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| 09:38 Mar 12, 2007 |
| German to English translations [PRO] Law/Patents - Construction / Civil Engineering / Swiss planning/building law | |||||||
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|  Selected response from: Kim Metzger Mexico Local time: 00:42 | ||||||
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| 3 | leasehold |
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| Discussion entries: 1 | |
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Answers
4 hrs confidence: 
leasehold Explanation: I think leasehold would apply for Baurecht and property development contract for Baurechtsvertrag. Ein Baurecht bietet die Möglichkeit, auf einem fremden Grundstück ein eigenes Bauwerk zu haben. Das ist also eine Ausnahme von der Regel, dass der Eigentümer des Grundstückes auch gleichzeitig Eigentümer eines darauf errichteten, mit dem Grundstück fix verbundenen Gebäudes ist. http://www.meingrundstueck.at/Wohnen_im_Eigentum/___Reihenha... Definition of Real Property Development Contract A “real property joint development contract” means an agreement for the purpose of real property joint development activities by way of joint investment (such as provision of granted land use right and funds) and sharing profits and risks. http://www.scchk.com.hk/announ/BMCLDBApr-Jun.pdf leasehold http://www.proz.com/kudoz/1251931 -------------------------------------------------- Note added at 4 hrs (2007-03-12 14:01:23 GMT) -------------------------------------------------- Or: agreement/contract establishing the right to build Right to Build A right to build (Baurecht/droit de superficie) entitles the beneficiary to construct buildings on the property in accordance with an agreement between the parties and to possess and enjoy it for a definite period of time, which may be up to 100 years. The right is – in the absence of a contrary agreement – transferable and inheritable. Any agreement which establishes a right to build must be in writing and notarized. Upon expiration of the term, any existing buildings belong to the owner, who is obliged to pay the beneficiary a reasonable price for those buildings. The parties may (and mostly do) agree on a method of determining that price when they establish the right to build. The right to build has gained significance in recent years as an increasing number of communities have used it as a means of offering undeveloped land under favorable conditions to the public for the construction of residential housing or to start new businesses. The fact that the land was not sold but only a right to build, granted usually for 99 years, gave the communities the right to exercise greater influence on the character of the construction projects than if they had sold it. In addition, there is a strong policy argument made against the irrevocable sale of publicly owned land to private entities. http://www.baerkarrer.ch/Publications/1004/4_3_5.pdf |
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