JOERG24
2009-09-29 08:01:44
- #1
To my knowledge, with heritable building rights it is always the case that, in the end, you pay more for the land. The owner naturally wants to make a profit. The land then continues to belong to the church, which can reuse the land differently after the lease agreement expires (usually after these 99 years). The fact that you have a house on it brings you little benefit for two reasons.
1. You are dead
2. The land always takes precedence over the house standing on the property
Usually, however, the lease agreements are also extended to the respective descendants or a new lease agreement is made.
One must also consider that €8000 in 99 years will no longer correspond to the same purchasing value as today.
1. You are dead
2. The land always takes precedence over the house standing on the property
Usually, however, the lease agreements are also extended to the respective descendants or a new lease agreement is made.
One must also consider that €8000 in 99 years will no longer correspond to the same purchasing value as today.
Hello,
we are looking for a plot of land for a single-family house and came across an offer from the evangelical church (parish foundation) on immo-Scout, where you don’t have to buy the land but rather lease it for 99 years – through the "heritable building right."
I don’t know, maybe many here are familiar with heritable building rights – I certainly wasn’t familiar with this type so far.
Anyway, I would like to ask the group what you think about heritable building rights or what experiences you have had with it.
One has to pay an annual interest, in our case around €8000, the house on the land belongs to us, but the land itself somehow doesn’t… and then again it does… so in short; it’s a bit too abstract for me… which is why I, as an ignorant person, am asking here.
What also seems somewhat abstract to me is that with an annual payment of €8000 and a lease term of at least 99 years, a sum will eventually accumulate that is higher than the land should be worth… so after, I don’t know, say 50 years or so… OK, never mind – I think it’s clear where my brain cells are hesitating.
Thanks in advance for your help and kind regards
Art