Glossary
Homeowners' association (WEG)
All owners of a residential complex. It decides on the jointly owned property at the owners' meeting.
Meaning in context
Homeowners' association (WEG) 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 Homeowners' association (WEG) 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.