Mortgage lending value
The mortgage lending value is a fixed amount below the market value of a building, which can be achieved at any time in a subsequent open market sale. It used by banks to determinate the size of a loan given against a property.
Monument protection
Monuments or architectural monuments are under protection due to a public interest in preservation and use. This protection leads to a need for regulation, so that constructional measures on monuments and their preservation are subject to approval. In addition, owners can be obliged to a reasonable extent to carry out maintenance.
Move-in date and move-out date
The move-in and the move-out date indicate when the owner or tenant are moving in or out an apartment. It is typically regulated by a rent or purchase contract.
Maintenance reserve
The maintenance reserve is a fund of the condominium owners' association used as a financing reserve for smaller and larger maintenance measures.
Milieu protection
Milieu protection is based on the city's social preservation ordinances, which aim to maintain the composition of the residential population, especially the grown structures of the original population in an area for special urban planning reasons and to counteract or prevent social change.
Milieu protection area
Milieu protection areas are areas designated for milieu protection by the Urban Development Office, Urban Planning Division.
Modernization
Modernization in the sense of § 555b BGB means structural changes that bring about savings in the energy and water consumption of the rental property, permanently improve general living conditions, possibly contribute to climate protection, create new living space or sustainably increase the utility value of the rental property.
Modernization announcement
According to § 555c BGB the landlord must inform the tenant before he starts a modernization measure with a period of three months and in text form. The announcement must contain in particular the type and scope of the measure, its expected start and expected duration as well as the amount of any rent increase to be expected.
Modernization allocation
The implementation of structural changes that increase the value of the dwelling in the long term or improve the general living conditions in the long term or bring about sustainable savings of heating energy or water is called modernization. This can be apportioned by the landlord as rent increase.
Market value
The market value of a property is based on the price that would be obtained in the ordinary course of business at the time of determination. The market value is legally defined in § 194 BauGB. Essential data is provided by expert committees and the publication of standard land values. The market value has for example influence on the mortgage lending value or on the inheritance and gift tax.
Marketing
Marketing refers to the activities of a company to advertise its own products or analyse the market in order to increase sales.
