Property valuations - Blog
Nowadays, it is impossible to imagine buying, selling or renting a property without an energy performance certificate. According to the current legal situation, the following four characteristic values are classified on a scale from A++ to G on the cover sheet of an energy performance certificate. A++ is the best value that can be achieved and G the worst.
In Austria, sole proprietorships, partnerships and corporations that are required to keep accounts are subject to the provisions of the Austrian Commercial Code (UGB). The rules for the valuation of current and non-current assets therefore apply to the accounting of real estate.
It is important to know whether a property is a forest or not. This is because the application of the Forest Act with all its provisions and all ancillary laws is based on this. Especially in urban areas, such as in the suburbs of conurbations, it is not always immediately apparent whether a forest is present or not. For real estate valuations in particular, it is important to obtain a precise overview of the type of use of the property.
Today I would like to briefly explain one of the most common reasons for evaluating a very unpleasant event, the death of a loved one. The question is what actually happens to the joint co-ownership of a condominium (community of owners or partnership) in the event of the death of one of the two owners and why this often requires a market value appraisal.