Owners often argue about the work and who will pay for it. They also often cause problems: noise, keeping animals or smoking. © Thomas Kuhlenbeck / Jutta Fricke Illustrator Agency
Anyone who buys a condominium becomes a member of the Residents’ Association (WEG). We show you how it works and what you should pay attention to as a residential property buyer.
Apartment owners are part of a collective. This has advantages but also disadvantages. For example, if the roof is broken, no one is left alone. A property manager takes care of the repairs on behalf of all apartment owners and the community bears the costs. On the other hand, if a dispute arises, for example because an owner is playing music too loudly, the friendly greeting in the hallway quickly ends. This can significantly limit your enjoyment of life. This should be made clear to everyone before embarking on the “home ownership adventure”.
The legal experts at Stiftung Warentest explain what rights and obligations you have as a landlord, what you should know about landlord meetings, residential fees and administration – and what pitfalls you need to be aware of.
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