Some builders go a special way: they can build together with friends or like-minded people. The collaboration that saves money and social contacts to strengthen.

A way to create the legal basis for the joint acquisition and construction of real estate, the establishment of a cooperative. But some conditions are attached.

when does the legal form of a cooperative sense?

"determine whether a cooperative is accepted, your funding purpose," explains Holger Friday, the attorney retained by the Association of Private builders (VPB). A cooperative must promote their members. "That distinguishes it from other companies, such as capital or people, companies, keep track of each of the permitted purpose, and any profits must strive for," said Friday. (Display)

apartments, houses and commercial objects.

here you will Find the right property

What this means in the area of real estate, explains Matthias Zabel from the Federal Association of German housing and real estate companies (GdW). "In the case of housing cooperatives the creation of affordable housing in the foreground."

Who can set up a cooperative?

"can, in Principle, participate in any natural and legal Person is the creation of a cooperative", explains Norbert rear belt, member of the Board of the auditing Association of small and medium-sized cooperatives. It must unite at least three people. "A classic case is when several young families close together and buy a property for a builders to large."

How is the Foundation?

Each cooperative must be a member in an auditing Association. This performs the statutory audit, and advises and assists the cooperative in the establishment and further development, so the rear belt. Which is hardly a tenant knows... Our PDF guide to inform you about your rights and obligations as a tenant and explains to brake the Rental price.To the PDF guide

the financing of The cooperative must be secured. "At the Foundation of the verification is to be provided to the relevant auditing Association and the registry of the court, that the business model is economically viable and robust," explains Zabel.

How much does the Foundation cost?

For the first entry in the register of cooperative societies will be charged a fee of 150 Euro. Add to this the cost of the electronic register application, including Signature, as well as the examination of the business plan.

How expensive the cooperative shares?

"depends, among other things, the size of the cooperative," says Zabel. "Newly established cooperatives with few members often have a need for a much higher equity as a long-established company with a large housing stock and many of the members. Then, the cooperative shares are more expensive.“ So you Finance your home, Our PDF guide shows you how to find cheap loans, pitfalls to bypass and get money from the state.To the PDF guide

as a General rule: A legally fixed minimum capital as in the case of the GmbH, there is not. By the articles of Association, but a minimum capital can be determined. Like other companies in the cooperative at the expulsion of the balance sheet profit may be paid a dividend on the capital grant. Members leave the cooperative, they get paid their shares.

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pom/dpa Date Of Update: 18 February 2020, 07:00