Betekenis van:
ground rent
ground rent
Zelfstandig naamwoord
- payment for the right to occupy and improve a piece of land
Hyperoniemen
ground rent
Zelfstandig naamwoord
- payment for the right to occupy and improve a piece of land
Hyperoniemen
ground rent
Zelfstandig naamwoord
- payment for the right to occupy and improve a piece of land
Hyperoniemen
Voorbeeldzinnen
- Ground rent for the period April to June 2002
- Ground rent for the period July to September 2002
- However, the Commission considered that the Land of Berlin’s waivers of ground rent claims (Erbbauzinsen) and the fact that the rent was not increased could constituted new aid.
- This was later proved not to be the case by the terms of the ground rent contract.
- This was later proved not to be the case by the terms of the ground rent contract. The contract provided for the possiblity of a rent increase only if the use of the land was changed.
- The ground rent was paid as agreed by the Herlitz Group until March 2002 and by GGB as of [8] October 2002.
- The ground rent amounted to 3 % of the value of the land, which could vary throughout the duration of the contract.
- According to Germany, the prospect of future ground rent revenue from the Herlitz Group was the reason for their waivers in group PBS 3.
- Nevertheless, when the Herlitz Group sold the emphyteusis on the Berlin-Tegel property to GGB, the Liegenschaftsfonds did not increase the ground rent.
- The decision to initiate proceedings mentioned the possibility that the non-increase of the ground rent for the land in Berlin-Tegel in 2002 might have involved aid.
- For example Herlitz AG concluded the agreement on the emphyteusis with the Land of Berlin for the site in Berlin-Tegel, though the ground rent claim was registered and waived in the insolvency proceedings of Herlitz PBS AG only.
- The motive behind their 100 % waiver was the future revenue (tax, social security and ground rent) that the public creditors could expect by maintaining the operations of the company.
- For the same reason, the public but non-statutory ground rent claim of the Liegenschaftsfonds in group PBS 3 cannot be waived to a larger extent than that of private or public claims in group PBS 5.
- The contract between the Liegenschaftsfonds and the Herlitz Group contained a clause for increasing the ground rent from 3 to 7,5 % in the event that the use of the land changed and if the new form of use were against the interests of the owner. Nevertheless, when the Herlitz Group sold the emphyteusis on the Berlin-Tegel property to GGB, the Liegenschaftsfonds did not increase the ground rent.
- The Land of Berlin remained the owner of the real estate but granted an emphyteutic lease (Erbbaurecht) on the land to the Herlitz Group, which undertook to pay a ground rent (Erbbauzinsen) to the Land of Berlin until 30 April 2053.