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LEASE CONTRACT : The obligations of the tenant and the owner
Not only does the signature of a lease contract create rights for both lessor and tenant, it also imposes on these parties certain reciprocal obligations specified by law, which the parties can however agree to cancel, mitigate, or increase in the lease contract. The legal details with Elisabeth MACHADO, avocate à la cour [court lawyer]. Obligations of the tenant The main obligation that is incumbent upon the tenant is naturally that of providing the deposit and paying the rent and advances on charges arising from the lease contract, on the due dates specified by the contract. It should be noted that, in principle, the lease contract provides for the supply of the deposit at the latest by the time of the signature of the lease contract, and payment of the rental and charges in advance for the month in question. Similarly, the tenant mus ...
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CIGDL : Training, informing, and regulating the property professions
Members subject to the same code of ethics Since 1971, the Chambre immobilière du Grand-Duché de Luxembourg (CIGDL) [Property Chamber of the Grand Duchy of Luxembourg] has been active in supporting and championing the property sector professions: estate agent, co-owners’ syndic agent, and developer. Its missions are diverse but the main objective of them all is the training, information, and regulation of the professions that it represents. An aspiring member must demonstrate a clean bill of health In order to become a member of CIGDL, one must first of all follow the proper procedure, starting with 5 months of training with the Chamber of commerce. “Training in business management for the property professions is the basis”, explains Isabelle Phalippou, CLC manager for the property professions. Only memb ...
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Hesperange : Nearly 700 accommodation units planned over the next 5 years
5 sought-after locations Formerly either rural or industrial, the districts of the commune of Hesperange have seen the number residents triple, or even quadruple in under fifty years. Located a few kilometres from the capital, its residential districts have shown strong expansion, combined with business zones. The commune of Hesperange is very popular. And for good reason.  Hesperange consists of the villages of Hesperange, Alzingen, Itzig, Fentange and Howald, amounting to a total of 14,949 inhabitants in a surface area of 27.2 km 2. In general terms, Hesperange has grown continually due to its proximity with the capital: “We are a neighbouring commune to the ville de Luxembourg and, by definition, close to the workplace of a large number of inhabitants. Between 1961 and 2011, ...
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Construction The concept of sustainability to the fore
A new standard in force from 1 January. The European Directive 2010/31, which requires that new buildings have nearly zero energy consumption between now and 31 December 2020, calls upon Member States to prepare for the implementation of nZEB targets. Luxembourg, a pioneer in this legislation, from 1 January 2017 is making the passive, sustainable house the construction standard. What are the differences between this and the low energy house? The details with Crea Haus Constructions S.A.   ...
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Selling a property in Luxembourg Everything you need to know!
Selling a property is not something you can make up as you go along, all the more so given that the Luxembourg property market is very active. How to have your property valued, how to present it, and what commercial strategy should one adopt? Advice from Didier Postal, manager of the IDEmmo agency. Valuation is an important stage that must not be glossed over. “It will enable the verification of key information on the property for sale, such as its cadastral/land registry status, the existence of easements that are attached to the property, etc.”, explains Didier Postal, manager of the IDEmmo agency. “Its main objective is to target buyers to optimum advantage, who are increasingly well-informed of the realities of the market and have an increasingly firm grasp of how it all works.” ...
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