Certificate of self-containedness
The building authority certifies that the residential and/or non-residential spaces referred to in the enclosed partition plan are structurally self-contained. This includes external cellars or permanently marked garages. In addition to the partition plan, the certificate of self-containedness is one of the requirements for the establishment of housing and part ownership by means of a declaration of division.
Certificate of acceptance
The certificate of acceptance is an official protocol that determines the inspection of the shell of a building and certain facilities and building parts.
Compensation payment
The compensation payment is a contractually regulated payment that comes into effect, if one of the parties wishes to refrain from certain contractual services.
Conveyance
The conveyance is the transfer of ownership of the property, results with the registration of the buyer as new owner in the land register.
Conveyance notice
Since changes in the land register usually take some time, a prior notice protects the purchaser from encumbrances with rights of third parties. The priority notice of conveyance is a provisional note for security.
Condensing boiler
A condensing boiler is a hot water heating system that uses the calorific value, i.e. the energy content, almost completely, since condensation heat is also used to provide heat.
Cancellation of rent contract for personal use
For such a termination of a lease contract on the part of the owner, a legitimate interest must be present. Such a legitimate interest applies when the owner needs the apartment for himself, his family members or members of his household.
Conservation area
The conservation area is an area designated by the municipal statute/city, whose urbanistic character and shape is to be preserved. It is subject to the change prohibition, so that deconstruction, changes of the structural facilities and their use require prior approval.
Common property
The common property is the part of a condominium property that belongs to all owners collectively, proportionally according to their co-ownership share as determined in the land register. This includes the courtyard, corridors, elevator, heating system etc.
Commercial property
This is a property or building that is or can be used entirely or predominantly for commercial purposes.
Capital
In business administration, capital is the financing of an enterprise with either equity or debt on the liabilities side of the balance sheet of companies.
Cadastre
A cadastral map is a comprehensive land recording of the real estate or real property's metes-and-bounds of a country. It provides information about location, size and ownership.
Cost or distribution key
If a building consists of several units that are used by different tenants, the incidental costs incurred must be distributed appropriately among the various parties to the lease. Which rental party must pay, which costs and in which amount depends on a 'cost key' or 'distribution key'. A distribution key is thus composed of shares and serves as a factor in the calculation. In practice, quantity keys (e.g. counting, time or room sizes) or value keys (turnover sizes, stock sizes or cost sizes) are typically used.
Co-ownership share
The co-ownership share is a share of the condominium owner in the joint ownership. It is calculated in ten thousandths of a share of the apartment in relation to the whole building. As a rule, it is set according to the size of the apartment and is used to calculate the joint costs.
Commission obligation
A commission obligation is the obligation to pay the commission after the order goal in terms of § 652 BGB has been achieved. This requirement is fulfilled when the real estate agent has successfully brokered a property as a contractor, i.e. when a property purchase has been notarized.
Collective heating
Collective heating systems generate heat at a central point and conduct it via a carrier medium such as water or steam through a pipe system to the connected heating surfaces. Examples are storey-, central or block heating systems. Storey heating systems provide heat either for a storey or for a single apartment and are a kind of small boiler as radiators. With central heating, the heat is usually generated in a boiler room. Block heating systems supply a whole group of buildings with heat and usually also with hot water.
Central heating
Central heating is a building heating system that has a central heating point and supplies water (liquid or gaseous) as a carrier medium in the radiator to several rooms or apartments in the building.
