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Real property dictionary

Real property know how from A to Z – our dictionary provides all the answers you need.



Warranty denotes the responsibility for defects in the purchasing contract and service contract, which the goods or services show as early as the time of transfer, even if the defect transpires at a later point in time. In doing so, liability is taken for the object itself, but not for consequential damages. The notice period of this no-fault liability is, in principle, two years for movable objects, while for immovable objects such as property, amounts to three years. If defects, however, do not arise until after transfer, this does not constitute a case for warranty.