Building application
In order to construct a building, the owner of the property must apply for a building permit from the building authorities, together with construction drawings and site plans. The application contains information on the type of construction, method of construction, size of development and plot of land, building description as well as proof of thermal and sound insulation, etc.
Baugenehmigung
Die Baugenehmigung ist der schriftliche Genehmigungsbescheid der Baubehörde zur Durchführung eines Bauvorhabens. Er ist angreifbar, ggf. mit Auflagen versehen, befristet und kann verlängert werden. Die Genehmigung hat für drei Jahre Bestand.
Builder
The Builder is responsible for a construction project, e.g. the construction of a building.
Brokerage fee
The broker receives a fee for the mediation on a sale of an apartment or a property.
Borrowed capital
Borrowed capital is a term from business administration and means that the capital of a company is provided by a creditor for a limited period of time and is repayable.
Broker fee or commission
The ordered broker is paid by the client and the buyer. The broker's commission is an unfixed portion of the purchase price, usually between 3% and 6%. In some sales, only the client who ordered the broker or the buyer pays.
Brokerage agreement
A brokerage agreement is a contract under private law between the client and the commercial broker (§ 34 c GewO). The real estate agent is instructed to mediate a contract of sale for the property in question to the client.
Business plan
The German Condominium Act stipulates that the income and expenditure expected for the calendar year must be listed by the management of common property, using a business plan. It is agreed upon by the condominium owners' association and establishes the legal obligations in addition to the housekeeping fee.
