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Rangrücktritt

English translation: subordination of priorities (of encumbrances)

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Rangrücktritt
English translation:subordination of priorities (of encumbrances)
Entered by: Krokodil
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01:41 Sep 3, 2001
German to English translations [PRO]
Law/Patents - Real Estate
German term or phrase: Rangrücktritt
Under the heading "Grundstücksrechtliche Verwaltung" for a compressor station:

- Soweit erforderlich Bearbeitung von Fortschreibungen, Freistellungsanträgen, Rangrücktritten und sonstigen Vorgängen, deren Erledigung zur Sicherung der Grundstücksrechte erforderlich ist, insbesondere bei Flurbereinigungen, Instandsetzungen und Änderungen (z.B. Umlegungen).

Any ideas, anyone?
Krokodil
Germany
Local time: 01:24
subordinations of priorities of encumbrances
Explanation:
Dietl/Lorenz's suggestion for Rangruecktritt is subordination and for "Rangverhaeltnis von Grundstuecksbelastungen": "order of priorities of encumbrances"

I would therefore suggest to translate your term "Rangruecktritt" as "subordinations of priorities of encumbrances"; in my opinion, just the word "subordinations" would not do because it could refer to any kind of claims where there is a ranking order among the creditors. Your context definitely refers to encumbrances on real estate and their order of priorities.

I would not use the term "postponing" because the lien or mortgage does not get postponed. Its conditions stay the same, except for the order in which the creditor can expect satisfaction from a forced sale of the real property.
Selected response from:

Beate Boudro
United States
Local time: 17:24
Grading comment
Just about takes it over the other suggestions, which I also found very helpful. Many thanks to all of you.
Seems as though I must acquire an updated edition of Dietl, as I can't find this in my old one.
4 KudoZ points were awarded for this answer

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Summary of answers provided
na +3postponement of priority
Hans-Henning Judek
na +2subordinations of priorities of encumbrancesBeate Boudro
nareduction in [ceding of] priority statusgangels
napostponement of lien
Vesna Zivcic
na(Debt) subordination
Poornima Iyengar


  

Answers


13 mins peer agreement (net): +3
postponement of priority


Explanation:
Betrifft Hypotheken-Rangfolge (1., 2. usw.) bei Grundstücken, d.h. in diesem Fall, wenn die Rangfolge geändert wird


    Eichborn Wirtschaft und Wirtschaftsrecht
Hans-Henning Judek
Local time: 09:24
Native speaker of: Native in GermanGerman
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Maya Jurt
2 hrs

agree  Werner George Patels, M.A., C.Tran.(ATIO): Absolutely and 100%
9 hrs

agree  Roland Grefer
18 hrs
Login to enter a peer comment (or grade)

21 mins
(Debt) subordination


Explanation:
(Debt) subordination (link 1)

«Der Rangrücktritt im schweizerischen Aktienrecht» (Debt subordination in Swiss corporate law)

HTH
Poornima


    Reference: http://www.wwp.ch/engl/p_jw.htm
    Reference: http://www.wet.de/pdf/9monat_97_e.pdf
Poornima Iyengar
Local time: 05:54
Native speaker of: English
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5 hrs
postponement of lien


Explanation:
1. SVRB Internet - Glossar

Rangrücktritt - Freiwillige Rückstufung der Forderung eines Grundpfandgläubigers
hinter jener eines anderen. Er tritt somit im Rang zurück.

2. IREX Deutsche Immobilienbörse - Immobilienlexikon Vokabular
Internationales Immobilienvokabular.

Rangrücktritt - postponement
of lien.

3. ... Transcripts from District Justices, $41.75. Release of judgments,
$7.50. Subordination or postponement of lien, $7.50. ...

www.aopc.org/counties/carbon/civfee.htm



    Reference: http://www.raiffeisen.ch/lexikon/rangru-d.htm
    Reference: http://www.irex.de/IREX/de/Lexikon/vokabular/data/postponeme...
Vesna Zivcic
Local time: 01:24
Native speaker of: Croatian
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6 hrs
reduction in [ceding of] priority status


Explanation:
Processing of extensions, applications for exemptions, reduction [ceding of] in priority status and other contingencies essential for conveyance and closing of title, especially as it concerns land consolidation, repairs and alterations (e.g. re-assignments), as needed.

gangels
Local time: 17:24
Works in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 73
Login to enter a peer comment (or grade)

7 hrs peer agreement (net): +2
subordinations of priorities of encumbrances


Explanation:
Dietl/Lorenz's suggestion for Rangruecktritt is subordination and for "Rangverhaeltnis von Grundstuecksbelastungen": "order of priorities of encumbrances"

I would therefore suggest to translate your term "Rangruecktritt" as "subordinations of priorities of encumbrances"; in my opinion, just the word "subordinations" would not do because it could refer to any kind of claims where there is a ranking order among the creditors. Your context definitely refers to encumbrances on real estate and their order of priorities.

I would not use the term "postponing" because the lien or mortgage does not get postponed. Its conditions stay the same, except for the order in which the creditor can expect satisfaction from a forced sale of the real property.


    Dietl/Lorenz, Woerterbuch fuer Recht, Wirtschaft und Politik and own professional experience
Beate Boudro
United States
Local time: 17:24
Native speaker of: Native in GermanGerman
PRO pts in category: 8
Grading comment
Just about takes it over the other suggestions, which I also found very helpful. Many thanks to all of you.
Seems as though I must acquire an updated edition of Dietl, as I can't find this in my old one.

Peer comments on this answer (and responses from the answerer)
agree  Werner George Patels, M.A., C.Tran.(ATIO)
1 hr

agree  Roland Grefer
11 hrs
Login to enter a peer comment (or grade)




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Changes made by editors
Jul 5, 2005 - Changes made by Steffen Walter:
Field (specific)(none) » Real Estate


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