Fabritius Tengnagel & Heine are engaged to a great extent with the purchase and sale of commercial property and tenanted property, purchasing and sale of private housing, formation of cooperative housing units and owners’ associations, conveyancing, planning law, litigation on shortcomings concerning property etc.
Cooperative Housing Units
Fabritius Tengnagel & Heine have a thorough knowledge of the cooperative housing law including regulations on formation, transfer, financing, adjustment clauses, auctions etc. We provide ongoing advice to a number of cooperative housing associations, including as sparring partner for the management board in matters of crucial importance for the association.
We provide further advice to private individuals wishing to purchase or sell a cooperative housing unit. Fabritius Tengnagel & Heine have considerable experience in the formation of cooperative housing associations, including advice for tenants wishing to make use of the option to purchase in the leasehold law.
When tenants receive offers on taking over the property on a shared basis they have 10 weeks to make a decision on whether they want to accept the offer. It is quite a short time in which to make such an important decision. We offer to hold a non compulsory meeting with the initiative group in a property and at this meeting further explain the handling of the case including going through the main points that our advice and work will cover.
We regard formation of a cooperative housing association, as a total package and are therefore happy to be responsible for all tasks, connected with the formation – judicial, financial as well as practical.
Administration of Tenancies and Property
Fabritius Tengnagel & Heine have a comprehensive property management facility:
Contact Property Administration 4B for further information.