Glossary

Judicial auctions from A to Z.

Key terms around judicial real-estate auctions in Austria, explained in plain language and without concrete case statements.

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A C D E H J L M P R 12 terms

A

C

Court valuation report Expert report in the court file that classifies the property according to the criteria set by the court.

D

Distribution mass Amount available after the auction for distribution to the parties involved.

E

Encumbrance Collective term for rights in rem over a property (servitudes, real burdens, mortgages).

H

Highest bid Highest bid submitted at the hearing, on which the award decision is based.

J

Judicial auction Judicial auction of a real-estate object by the enforcement court on the motion of a creditor with real-estate security.

L

Land register Public register of ownership, encumbrances and rights over real estate in Austria.

M

Mortgage Security right in rem that a creditor typically asserts by registration in the land register.

P

R

Rank Order of land register entries, which in a realisation case co-determines the distribution.

This explanation gives a general overview of Austrian law and does not replace a lawyer’s examination of the individual case.

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