Real property dictionary
Real property know how from A to Z – our dictionary provides all the answers you need.
I
Immission
An immission denotes the disruption of ownership of a property through influences originating from another property and in excess of the norm in accordance with local conditions. These may be sound or odour nuisances. The owner of the affected land may seek an injunction and under certain regulations, can even demand a compensation claim.
Inventory
The inventory refers to the furnishings required for the operation of a company. In accounting, this is the list established in connection with an inventory of assets and liabilities. In short, the inventory is the entirety of furnishings and financial assets including any liabilities that belong to an operation, company, or building.
Investment transfer fee
An investment transfer fee refers to a redemption payment for expenses that the main tenant of a flat has made for substantial improvement in the previous twenty years prior to the end of the tenancy agreement and which are effective and beneficial throughout the tenancy.
With the expiration of the tenancy agreement, the tenant may claim compensation for these expenses reduced by an annual write-off.
Incidental expenses
Incidental expenses are basically any costs that arise in addition to the main expenses. In tenancy law, superficially allocable operating costs are distinguished from non-allocable management costs.