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Dienstbarkeiten / Rückauflassungsvormerkung / Grundschuld zur Bauvorfinanzierung

English translation: see the following definitions

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08:10 Mar 11, 2001
German to English translations [PRO]
Bus/Financial - Real Estate
German term or phrase: Dienstbarkeiten / Rückauflassungsvormerkung / Grundschuld zur Bauvorfinanzierung
Das Grundstueck ist mit Dienstbarkeiten, einer Rueckauflassungsvormerkung fuer die Bretten sowie mit einer Grundschuld zue Bauvorfinanzierung von DM 15.000.000: gunsten des Sparkasse Bruchsal belastet.

This concerns a "Grundstueck Gemarkung Bretten". Does the building come with hired help (Diensbarkeiten)? And why is it mortgaged for 15 mil when it was just complete?
Marcus Malabad
Canada
Local time: 11:11
English translation:see the following definitions
Explanation:
These definitions are from Dietl/Lorenz Dictionary of Legal, Commercial, and Political Terms. Hope they help!

Auflassungsvormerkung is a priority notice protecting a claim for transfer ot title to land;
Auflassung (agreement as to the conveyance or transfer of land; Auflassung is the agreement between the transferor and the transferee that ownership of the land shall pass from the one to the other. This agreement shall be declared by each party in the presence of the other before a notary.

Dienstbarkeit (Grunddienstbarkeit) is an easement, or a charge on one piece of real property (servient tenement) for the benefit of the owner of another piece of real property (dominant tenement).
The holder of the right (easement) may use the servient tenement only for certain (limited) purposes (e.g., right of way with or without vehicle)

Grundschuld is a land charge, charge on land (or real property). A Grundschuld creates a charge on real property for the payment of a definite sum of money. It differs from a mortgage in that it may exist without an underlying personal debt. The charge may be certificated or non-certificated.

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Beth Kantus
United States
Local time: 05:11
Grading comment
going back to grading my old questions...
4 KudoZ points were awarded for this answer

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Summary of answers provided
nasee the following definitionsBeth Kantus


  

Answers


50 mins
see the following definitions


Explanation:
These definitions are from Dietl/Lorenz Dictionary of Legal, Commercial, and Political Terms. Hope they help!

Auflassungsvormerkung is a priority notice protecting a claim for transfer ot title to land;
Auflassung (agreement as to the conveyance or transfer of land; Auflassung is the agreement between the transferor and the transferee that ownership of the land shall pass from the one to the other. This agreement shall be declared by each party in the presence of the other before a notary.

Dienstbarkeit (Grunddienstbarkeit) is an easement, or a charge on one piece of real property (servient tenement) for the benefit of the owner of another piece of real property (dominant tenement).
The holder of the right (easement) may use the servient tenement only for certain (limited) purposes (e.g., right of way with or without vehicle)

Grundschuld is a land charge, charge on land (or real property). A Grundschuld creates a charge on real property for the payment of a definite sum of money. It differs from a mortgage in that it may exist without an underlying personal debt. The charge may be certificated or non-certificated.



Beth Kantus
United States
Local time: 05:11
Native speaker of: English
PRO pts in category: 8
Grading comment
going back to grading my old questions...
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Changes made by editors
Jun 5, 2008 - Changes made by Steffen Walter:
Term askedDienstbarkeiten...Rueckauflassungsvormerkung..Grundschuld zur Bauvorfinanzierung » Dienstbarkeiten / Rückauflassungsvormerkung / Grundschuld zur Bauvorfinanzierung
Field (specific)(none) » Real Estate


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