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OFB PROPERTY GUIDE

What should you check with property?

1

Rental property

Check base rent, service charges, energy information, floor area, condition, deposit and contract clauses. Use the current city rent index as guidance.

2

Property purchase

Check land register, rights and encumbrances, energy certificate, building condition, modernisations, reserves and purchase costs.

3

Condominium

Check declaration of division, service charges, maintenance reserve and owners meeting minutes.

4

Location

Consider traffic, public transport, shops, schools, noise, internet, flood/heavy-rain risks and planned construction.

Property FAQ

How should I use a rent index?

A rent index is guidance for the local comparative rent. The city-specific criteria and instructions are decisive for classification, such as floor area, year built, location and features.

Which documents should I review before buying property?

Depending on the property, review in particular land-register information, energy certificate, building/floor-area documents and, for condominiums, the declaration of division, service charges, reserves and owners meeting minutes.

What belongs in a rental handover report?

Document the condition and defects, meter readings, number of keys handed over, date and signatures.

Which additional purchase costs should I consider?

In addition to the purchase price, costs may include real-estate transfer tax, notary and land-register fees and, where applicable, broker and financing costs. The exact amount depends on the individual case.

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