Ownership of the superstructure and the right to use the third-party land require separate examination. Typical use titles are leases, tolerated use or specific use agreements. A building right under the Austrian Building Rights Act is a separate registrable right, not the typical use title for a superstructure.
The remaining term of the use title is decisive for the valuation. Short remaining use periods reduce the economic value regardless of the building substance. If the use agreement is fixed-term, the bidder must plan for its end and for the consequences of termination.
When the use ends, ownership of the superstructure does not automatically vanish. Contract law and the underlying use agreement typically govern removal, surrender, reimbursement or a buyout. The contractual allocation of these positions belongs in the bid review.