Award
Court ruling at the end of the auction by which the property is awarded to the highest bidder.
The award is the central ruling at the end of the auction; narrow reference: § 190 Enforcement Act.
The award does not automatically confer possession, eviction or economic use. Downstream consequences we review narrowly against § 237 Enforcement Act and only from the file.
Legal basis
Statutory texts for orientation; the version in force at the relevant time prevails.
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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Highest bid
Highest bid submitted at the hearing, on which the award decision is based.
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Judicial auction
Judicial auction of a real-estate object by the enforcement court on the motion of a creditor with real-estate security.
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Distribution mass
Amount available after the auction for distribution to the parties involved.
Questions about an upcoming auction?
Call the firm or send us an email. We will review your enquiry and contact you.
A direct line to the firm.
Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
+43 662 6280000