| Breach |
Non-performance of an obligation. Non-performance exists, for example, where a tenant fails to pay rent.
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| Bridging loan |
A temporary credit while a building is being constructed. When the property has been constructed, the bridging loan will be repaid. This amount is often procured by raising a mortgage credit loan or any other ‘permanent’ loan
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| Brokerage |
Fee on securities transactions.
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| Building experts |
Licensed architect, engineer or the like with expertise in construction who has been approved to make property condition surveys.
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| Building line |
A line beyond which a building must not project, for example, towards a road.
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| Building obligation |
In connection with the parcelling out of land, the land is often required to be built on within a certain period. If this time-limit is not observed, the owner may be obliged to sell the land back to the municipality. The provision on a building obligation can be registered on the property.
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| Building on leased land |
When a building is constructed on land which is not owned by the owner of the building. In the land register, a separate building register can be created for the buildings, after which it will be possible to register, for example, mortgages secured on the buildings only.
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| Building permit |
Before commencement of certain building projects, the municipality must grant a building permit.
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| Burden of proof |
When the burden of proof for a specific offence lies with a party, it will be detrimental to the person concerned if the information (evidence) is not obtained.
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| Burdens |
Easements, etc. For example, a ban on a specific type of building.
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