WLN tag: #realestate
UAE: How tokenization is making Dubai’s real estate accessible?
The Dubai Land Department (DLD) has recently introduced real estate tokenization in Dubai and is one of the very few places allowing it. Tokenization has been well received by the investors interested in the real estate of Dubai and is a step in line with Dubai’s Real Estate Sector Strategy 2033 aiming to double the […]
Austria: Elimination of the broker's commission due to close relationship
The broker’s commission results from §§ 6ff MaklerG. In accordance with the statutory provisions, the commission claim arises with the legal validity of the brokered transaction. Without a legally valid brokerage contract, the broker is not entitled to commission. It should be noted that the brokerage contract is generally not bound by any formal requirement, […]
Austria: The construction of small balcony power plants in residential property
The last amendment to the Condominium Act made it easier for apartment owners to set up “balcony power plants”. The term “balcony power plant” refers to a ready-to-plug photovoltaic micro-generation system with an output of less than 0.8 kW, which can already be plugged into an existing socket and is intended to supply a condominium […]