English translation: Law Regulating the Hereditary Building Right
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19:17 Dec 4, 2010
German to English translations [PRO] Law/Patents - Law: Contract(s) / Notarvertrag
German term or phrase:Erbbaurechtsgesetz
oder Gesetz über das Erbbaurecht.
Ich suche nach einer offiziell bestätigten Lösung, falls vorhanden.
Leider googelt sich nichts mit leasehold bzw. hereditary building rights - mit German law/act on ....
Explanation: This is what the German BGB calls it (e.g. §916)
Also found the following description:
(b) Heritable building right: a property may be encumbered by a heritable building right; the beneficiary of such right is entitled to have a building on the property owned by a separate owner. The right may be extended to the parts of the property which are not necessary for the building (if the building is commercially the essential part of the property, the heritable building right is a right to use the property of another owner (in certain aspects similarly to a contractual lease agreement) with the specific characteristic that the building belongs to the beneficiary of the heritable building right). http://www.iclg.co.uk/index.php?area=4&country_results=1&kh_...