DG
2016-05-17 13:17:12
- #1
Alright, then the core question is how this massive (!) encroachment could have happened and whether it has already been legally managed in terms of building regulations or can be managed; respectively, whether it should be managed.
If the encroachment remains, it definitely entails a depreciation of the WEG's property (see post by ), the question is how to enforce this depreciation against the developer. One possibility is a so-called encroachment annuity, which would be credited to the WEG either as a lump sum or annually if reconstruction cannot or should not be carried out.
What I find unpleasant about the matter is the long duration of 5 years; normally, one must object immediately in such cases. Fundamentally, this can be resolved by easement(s), a property subdivision, and/or reconstruction.
Best regards Dirk Grafe
If the encroachment remains, it definitely entails a depreciation of the WEG's property (see post by ), the question is how to enforce this depreciation against the developer. One possibility is a so-called encroachment annuity, which would be credited to the WEG either as a lump sum or annually if reconstruction cannot or should not be carried out.
What I find unpleasant about the matter is the long duration of 5 years; normally, one must object immediately in such cases. Fundamentally, this can be resolved by easement(s), a property subdivision, and/or reconstruction.
Best regards Dirk Grafe