Leading international law firm network ADVOC recently published a pocket guide on the legal aspects of commercial property in different jurisdictions across the world. Fiebinger Polak Leon Attorneys-at-Law, as the Austrian Legalink member, contributed the Austrian chapter.
Real estate is a significant sector in most countries – as part of the built environment, an integral part of many businesses and because property is an important asset class for investors. Most countries recognise something close to outright ownership (or ‘freehold’ in the United Kingdom) as well as various forms of lease (where an occupier can use and occupy property for a fixed period in return for rent). However, there are wide variations between jurisdictions on how to acquire, hold and invest in property. Some countries restrict the ability of overseas investors to invest in real estate. Accordingly, legal expertise and local market knowledge is essential.
A PDF version of the guide can be found here: 2016 02 22 ADVOC Real Estate pocket vFINAL
ADVOC is the leading international network of independent law firms with 90 members in 66 countries. We can provide real estate advice on a global basis – but with local knowledge. Each member of ADVOC is an expert in commercial law in its geographical regions – with a proven track record of delivering prompt, practical, common sense advice to clients.