Real Estate Glossary

Dissolution of building fabric and disposal of demolition material.

City and the legally independent suburbs that have grown together with it.

Sum of costs for the planning and realization of a structural facility. In the building construction cost plan, the fixed asset costs comprise the main groups "A Property" to "Z Value-added tax".

1. purchase price of the property (acquisition costs), plus taxes, fees, expenses and commissions incurred in the change of ownership.

2. construction costs (prime costs); sum of land value, construction value and ancillary construction costs.

Adapting a structure to new requirements, without significant intervention in the structure.

1. authority to erect a structure on another's land.

2. sum of legal norms regulating construction activity (public B.).

Sum of costs for the realization of a structure. In the building construction cost plan, the building costs comprise the main groups "C Construction building" to "G Finishing building".

1. construction value of the building according to the construction invoices of the craftsmen and contractors.

2. real value estimate of the building; the volume of the building valued at the usual cubic meter prices for new constructions, minus the age depreciation that has occurred since its construction.

Rent including incidental expenses; usually per month for private properties, per m² and year for commercial properties.

When monthly expenses exceed monthly rental income, resulting in a monthly deficit, which must be paid with the landlord's personal assets.

If, the monthly rental income exceeds the monthly expenses, resulting in a monthly surplus.

Amount deposited by the tenant in money. The deposit may not exceed three months' rent in the case of rented apartments and must bear interest at the usual interest rate for savings deposits (Art. 257e OR). For business premises, the deposit is freely negotiable.

Capital that you have to contribute from your assets when buying a property. As a rule, 10% of the purchase price of the property.

Essential procedures, means and equipment used for facade cleaning and maintenance, serves to preserve the value and at the same time restore the original appearance.

Financing is understood as those services which are necessary to fulfill a secured and resilient financing of the investments (on the object and company level) in compliance with the client's requirements for capital, financing and, if necessary, fund structure during the investment period as well as the portfolios.

Types of surfaces that define a building from the architectural point of view. Each room is assigned to an area type.

The land charge is exclusively registered in the land register. In the case of a land charge, the owner of the property assigns his claim in rem in writing by arranging for the entry in the land register.

Fixed part of the ground area, with or without structures. In addition to real property, the Swiss Civil Code also includes co-ownership shares (including condominium ownership), mines or independent and permanent rights (e.g. the building lease) among the real property (Art. 943 of the Swiss Civil Code).

The main usable floor area HNF is that part of the usable floor area NF which serves the purpose and use of the building in the narrower sense.

Property operating costs (various insurances, house cleaning, garbage collection, street cleaning, janitor, water/sewage, chimney sweep, etc.).

1) Lien on real property recorded in the land register, which serves creditors to secure their claims against the land owner.

2) Mortgage loan; loan secured by a lien on real property. Mortgage, variable, conventional, widely used mortgage loan, with variable interest rate and with short, usually six-month, notice period.

Investments are capital invested in assets (in this case real estate). This is primarily understood to mean the investment of financial resources in tangible fixed assets.

1) Land register. Cadastral plan, land register plan, map traced by the land surveyor, on which the parcels, buildings, roads, etc. are marked.

2) Tax register. Cadastral appraisal, cadastral value, tax office property appraisal (cantons of Lucerne, Solothurn, Basel-Landschaft).

Right, but not obligation, to acquire a plot of land at a later date on the terms agreed in advance, namely the agreed purchase price.

If the seller and the buyer conclude a contract of sale, the seller undertakes to transfer and deliver a property to the buyer. The Buyer undertakes to pay the purchase price as consideration.

Key figures provide concentrated information on important operational issues in absolute and relative form. They are created by selecting, comparing and evaluating relevant quantitative data.

Consumer credit refers to bank loans that serve to finance consumer goods (up to max. 80,000CHF) with consumers.

Percentage ratio of vacant apartments to total housing stock. Vacant housing includes all habitable, unoccupied apartments and single-family dwellings available for permanent rental or purchase.

Property Tax,

Property tax

Liquidation value,

Liquidation proceeds

The tenant-occupied portion of the building constructed and financed by the tenant.

Rent excluding incidental expenses; usually per month for private properties, per m² and year for commercial properties.

The prospective buyer who wishes to purchase a plot of land usually selects a notary, arranges the notary appointment and pays the notary fees.

Form of raw energy that has not yet been subjected to conversion or transformation and transportation. Examples are crude oil, natural gas, uranium or coal in the ground, wood in a standing position, solar radiation, potential energy of water, kinetic energy of wind.

The project manager reviews compliance with targets, takes care of customer relations and work field optimization for employees.

Real value, tangible value,

Substance value

Right of the seller to repurchase a property on the terms specified in advance.

1. comprehensive reconstruction and modernization of a property for the purpose of restoring profitability.

2. elimination of excessive age depreciation caused by neglected maintenance.

3. demolition and subsequent reconstruction of a building, a block of houses, a neighborhood.

The borrower's right to make annual unscheduled repayments of a certain percentage of the initial loan amount without having to pay an early repayment penalty.

For these taxes, the tax laws of the cantons usually contain only the so-called basic rate of the tax, i.e. the simple rates. The tax resulting from the basic tariff is called "simple tax".

1. synonym for projectile.

2. one of the floors located above the first floor.

Co-ownership share in a property that gives the co-owner the special right to use certain parts of a building exclusively and to develop them internally (Art. 712a ZGB).

Measures on the building that regularly include extensive value-preserving investments in addition to value-enhancing ones.

Improvement,

value-adding

Administrative and

Operating costs

Volume digit,

Building mass number

Proportion of households that own their primary residence (owner-occupied home, condominium); according to the Swiss Federal Statistical Office. Census 1990 31.33 % nationwide.

Measures aimed at broader distribution of owner-occupied house, apartment and land ownership. The postulate of promoting home ownership is enshrined in Articles 34 and 34 of the Swiss Federal Constitution (BV).

Price for the loan of capital.

Price for the loan of capital, expressed as a ratio of the capital (usually in percent) pro rata temporis (usually per year). Example: The interest rate is 5% per year.