Written Form Requirement in Commercial Leases

Decision of the Dresden Higher Regional Court (OLG) of February 27, 2024 – Ref. 5 U 2077/23   In commercial lease agreements, it is essential to comply with formal requirements. For instance, a violation of the written form requirement may result in agreed-upon terms being unenforceable. This can mean that agreed notice periods may be […]

UniImmo Wohnen ZBI – Significant Losses for Investors

Open Real Estate Fund Devalued by Almost 17 Percent The open real estate fund UniImmo Wohnen ZBI has experienced a dramatic decline: Following a special evaluation, its value plummeted by nearly 17 percent, as reported online by “Handelsblatt” on June 27, 2024. For investors, this translates to a loss of around 860 million euros, suffered […]

Defects in the Building Must Be Reported at Acceptance

Decision by the Higher Regional Court of Oldenburg on July 17, 2023, Ref.: 12 U 214/19 In the construction of a property, the acceptance of the building is a critical date for the client. This is because the time of acceptance is crucial for determining whether defects exist and whether the construction company must remedy […]