New development area: Biemenhorst - Tenbrocks Land

About the heritable building right

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With the heritable building right from the Catholic parish of Liebfrauen, you receive the right to erect a building on the property and to use it for living for a certain period of time.

"Normally" the plot of land also includes the building on it. With heritable building rights, a distinction is made between ownership of the land and ownership of the building.

The Catholic parish of Liebfrauen remains the owner of the land (heritable building right grantor) and you become the owner of the building/residential building (heritable building right holder).

Legally, the leasehold is treated like a plot of land. The leasehold is therefore a so-called right equivalent to real property. A separate land register sheet is created for each heritable building right. This results in two land registers (land and heritable building right). You can sell and bequeath a leasehold. The leasehold is established by a notarised contract between the leaseholder and the leaseholder.

Just like a plot of land, the leasehold can be used as collateral to finance your property loan.