das auf den vorgenannten Kaufobjekten lastende Gesamtpfandrecht im ersten Range
English translation: I'd say
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
11:59 Oct 25, 2005
German to English translations [PRO] Bus/Financial - Law: Contract(s)
German term or phrase:das auf den vorgenannten Kaufobjekten lastende Gesamtpfandrecht im ersten Range
Der Kaeufer uebernimmt die Schuldpflicht fuer das auf den vorgenannten Kaufobjekten lastende Gesamtpfandrecht im ersten Range per nominell CHF. XXXX im Umfang von
zur titelgemaessen Verzinsung und Bezahlung gegenüber der Gläubigerin, Bank XXXX.
Any experts in Swiss legalese out there? Thanks in advance.
the priority umbrella mortage encumbering the aforementioned purchase properties
Explanation: long winded and can be phrased better with more context I'm sure. A Gesamtpfandrecht is a Pfandrecht not only on the land itself but also on any Erbbaurechte that may be associated with the property. I just had to deal with this term recently (and it's not peculiar to Swiss German) and "umbrella mortage" was the best I could come up with in English.
"im ersten Rang" means it has priority over other liens.
You can probably change "encumbering" to simpy "on" as a mortage by definition is an encumberance.
Ted Wozniak United States Local time: 19:51 Specializes in field Native speaker of: English PRO pts in category: 106
senior right of multiple lien on the above object of purchase
Explanation: or encumbering the.......
multiple lien (on property) / Gesamtpfandrecht / acte de gage collectif / diritto di pegno generale
The pledging of several pieces of land as security for the repayment of the same claim, each property being encumbered with the full amount of the pledge. A multiple lien may be established only if the pieces of land belong to the same owner or are owned by debtors granting joint and several guarantee.