Glossary entry (derived from question below)
German term or phrase:
Finanzierungsgrundschuld
English translation:
land charge to finance the purchase price; financing encumbrance
Added to glossary by
Steffen Walter
Jun 16, 2008 11:10
15 yrs ago
12 viewers *
German term
Finanzierungsgrundschuld
German to English
Bus/Financial
Real Estate
A contract discussing the easements assumed by the purchaser of a plot of land:
"Sollte sich das Erfordernis der Eintragung solcher Grunddienstbarkeiten gemäß Ziffer XXX des Ankaufskaufvertrages nach Eintragung einer Finanzierungsgrundschuld zu Gunsten der finanzierenden Bank des Käufers ergeben, so ist der Käufer verpflichtet..."
So far I have:
"Should the requirement arise to register such real servitudes according to section 12.12 of the contract of sale following registration of a ??????? in favour of the financing bank of the purchaser, then the purchaser undertakes..."
Grateful for any help!
"Sollte sich das Erfordernis der Eintragung solcher Grunddienstbarkeiten gemäß Ziffer XXX des Ankaufskaufvertrages nach Eintragung einer Finanzierungsgrundschuld zu Gunsten der finanzierenden Bank des Käufers ergeben, so ist der Käufer verpflichtet..."
So far I have:
"Should the requirement arise to register such real servitudes according to section 12.12 of the contract of sale following registration of a ??????? in favour of the financing bank of the purchaser, then the purchaser undertakes..."
Grateful for any help!
Proposed translations
(English)
| 4 | Land charge to finance the purchase price |
Adrian MM. (X)
|
| 4 +2 | mortgage |
szilard
|
| 3 | loan |
Paul Skidmore
|
Change log
Jun 16, 2008 13:08: Steffen Walter changed "Field" from "Law/Patents" to "Bus/Financial"
Jun 18, 2008 09:40: Adrian MM. (X) Created KOG entry
Dec 30, 2008 10:14: Steffen Walter changed "Field (specific)" from "Law: Contract(s)" to "Real Estate"
Dec 30, 2008 10:15: Steffen Walter changed "Edited KOG entry" from "<a href="/profile/95262">Adrian MM. (X)'s</a> old entry - "Finanzierungsgrundschuld"" to ""Land charge to finance the purchase price; financing encumbrance""
Proposed translations
1 day 4 hrs
German term (edited):
(Kaufpreis)Finanzierungsgrundschuld
Selected
Land charge to finance the purchase price
Mortgage loans can be raised for other purposes e.g. repairs or improvements.
Example sentence:
Das Sicherungsbedürfnis des Grundschuldgläubigers kann nämlich auch dadurch erreicht werden, daß bei der Finanzierungsgrundschuld die Wirksamkeit gegenüber ...
4 KudoZ points awarded for this answer.
Comment: "Yes, I think this is the closest. A friend working in real estate and mentioned the idea of a "financing encumbrance" to me, apparently a clear term used in the industry that reflects your meaning here. Thanks!"
+2
55 mins
mortgage
Finanzierungsgrundschuld = Grundschuld
1 hr
Paul Skidmore
Germany
Germany
Native in English
Works in field
Germany
Legally qualified - 12 years in academia
Native in: English (Variant: British) 
Works in: German to English
Related KudoZ points
:
27
loan
There are differences between a Grundschuld and a Hypothek (mortgage). Therefore I would probably avoid using the term mortgage here.
In your draft translation I would also suggest moving "arise" to between "contract of sale" and "following".
In your draft translation I would also suggest moving "arise" to between "contract of sale" and "following".
Discussion