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Descriptive, orientation, registration and parcel number: what is the difference?
a descriptive number, orientation number, registration number and parcel number are not the same thing. a descriptive number or registration number identifies a building, an orientation number helps people find the building in a street, and a parcel number identifies land in the cadastre. in everyday life, most owners do not pay much attention to […]
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What does annuity mean and why it matters when selling an apartment
An annuity is a regular payment, most often paid monthly. In a loan, it includes both repayment of the principal and interest. In real estate, the term is also often used in connection with cooperative apartments, where it usually refers to the unpaid part of a debt linked to a specific cooperative share. For a […]
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Property insurance vs. home contents insurance: what is the difference and what to consider when selling
Property insurance protects the building itself. Home contents insurance protects the furnishings, personal belongings and household equipment. For a house or flat, it often makes sense to deal with both policies together, because each covers something different. In simple terms: property insurance covers the house, flat, roof, walls, windows, floors, utility systems and other parts […]
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Usable, floor and living area: what is the difference?
When selling an apartment or a house, the difference between usable area, floor area and living area matters. It is not just terminology. An incorrectly stated area can distort the property price, confuse the buyer and unnecessarily complicate negotiations and contract preparation. The simplest way to understand it is this: floor area describes the size […]
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The importance of a reservation agreement when selling a property
A reservation agreement is one of the most important documents in a property sale. It is not just about “blocking” an apartment or a house. It is an agreement that should clearly define what is being sold, at what price, to whom, within what timeframe and under what conditions the parties will proceed to the […]
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Real estate tax after buying or selling a property: when to file a tax return and how to deregister
If you have bought, sold, donated or otherwise transferred a property, real estate tax will usually concern you. This applies equally to an apartment in České Budějovice, a house in Jindřichův Hradec, land near Tábor, an investment apartment in Prague or a holiday property in the Vysočina Region. A real estate tax return is not […]
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