Glossary
Maintenance reserve
Funds saved by the owners' association for future repairs to the jointly owned property.
Meaning in context
Maintenance reserve is a specialist term used in German property, construction or management practice. Its exact effect depends on the document, transaction and applicable law.
Practical example
In practice, check how Maintenance reserve is used in the relevant German contract or official record rather than relying on an informal translation.
Important distinction
This definition provides orientation and does not replace review of the original German documents.
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General information, not legal or tax advice.