Purchase contract for property

Regarding 1: What do you have in mind there?

With contaminated sites, you assume the hazard; the risk can only be excluded by having the soil examined beforehand or by leaving the risk with the seller. However, the seller will hardly agree to that.

With development contributions, the costs arise when the development is completed. So, if the road is already fully developed, one should check whether the development contributions have already been paid or not.

Otherwise, you usually take over the property free of encumbrances - but that does not mean that all potential risks regarding your question must be known to me. However, the ones mentioned above can be checked.

Regarding 2: Is the building area located in the ground movement zone? There are districts in NRW (e.g. Rhein-Erft-Kreis), which, to my knowledge, are entirely declared as ground movement zones. Whether you actually have to expect that due to mining or similar is another matter. But if the property is located in the movement zone, this will be a standard that one can hardly do without. If it were not mentioned there, the seller would presumably be liable. He is unlikely to want to assume liability.

Best regards Dirk Grafe

Regarding 2. Also remember that elemental insurances do not pay if the ground subsidence/movements are due to mining activities or similar. There are public maps on the internet that show salt domes and the like, as well as the hazard levels.

Regarding point 2.
Also keep in mind that elemental insurances do not pay if ground subsidence/movements are due to mining activities or similar. There are public maps on the internet that show salt domes and the like, as well as the hazard levels.

or rather you get an exclusion right from the start. Especially common with properties near water.

For near-surface mining damages, the RAG is responsible anyway. At least until 2018. After that, mining is officially discontinued and the RAG continues only in the form of a foundation that covers the perpetual costs. Whether insurers will respond to this and offer product extensions? Not impossible, the RAG pays out something around €150 million every year for such claims. Could become a business field for insurers.