Glossary
Service charge (Hausgeld)
Monthly advance payment by flat owners to the association for running costs, management and reserves.
Meaning in context
Service charge (Hausgeld) 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 Service charge (Hausgeld) 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.