Glossary entry (derived from question below)
German term or phrase:
grundstücksgleiche Rechte
English translation:
rights equivalent to real property
Added to glossary by
Claire Langhard
Jun 24, 2006 09:58
18 yrs ago
17 viewers *
German term
Switzerland
fast, efficient, flexible, professional
Native in: English (Variant: British) 
Works in: German to English
grundstücksgleiche Rechte
German to English
Bus/Financial
Real Estate
This term comes up in a balance sheet, any ideas on how it is best to translate it?
Thanks
Thanks
Proposed translations
(English)
| 4 +3 | rights equivalent to real property |
Edith Kelly
|
| 5 +1 | land rights |
RobinB
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| 4 | (a/cs) leaseholds and other interests in land; (law) chattels real |
Adrian MM. (X)
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Change log
Jun 24, 2006 15:27: Marcus Malabad changed "Term asked" from "grundstücks-gleiche rechte" to "grundstücksgleiche Rechte"
Proposed translations
+3
14 mins
Edith Kelly
Switzerland
Switzerland
Native in German
&
English
Works in field
Switzerland
Professional conference interpreter
Native in: German , English
Works in: German to English, English to German, Dutch to German, and 4 more.
Related KudoZ points
:
113
German term (edited):
grundstücks-gleiche rechte
Selected
rights equivalent to real property
or: leasehold rights
beides aus:
Schulte Lee Paul
Wörterbuch Immobilienwirtschaft
beides aus:
Schulte Lee Paul
Wörterbuch Immobilienwirtschaft
Peer comment(s):
| agree |
Derek Gill Franßen
1 hr
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| agree |
HarryHedgehog
: Schäfer says the same thing
1 hr
|
| agree |
alec_in_France
: naturally enough ;-)
2 hrs
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| neutral |
Adrian MM. (X)
: Even leasehold rights is misguided: they are leasehold interests, estates or - simply - leaseholds. Beware of law dictionaries written by non-natives!
13 hrs
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4 KudoZ points awarded for this answer.
Comment: "Thanks everyone. I went with the majority on this one..."
+1
3 hrs
land rights
as given in "Deutsches Bilanzrecht/German Accounting Legislation", 4th edition, IDW-Verlag 2006. This is an absolutely standard HGB balance sheet item, though you'll often see it in IFRS financial statements, too (generally in the statement of changes in noncurrent assets).
The full line item (A.II.1) in section 266(2) of the HGB is:
Grundstücke, grundstücksgleiche Rechte und Bauten einschließlich der Bauten auf fremden Grundstücken
Land, land rights and buildings, including buildings on third-party land
--------------------------------------------------
Note added at 3 hrs (2006-06-24 13:48:11 GMT)
--------------------------------------------------
Alec: Please remember that you should look at this from the accounting perspective, not the real estate perspective.
According to the literature (Scheffler, Coenenberg, Bätge, WP-Handbuch, etc.), grundstücksgleiche Rechte are:
- Erbbaurechte
- Teil- und Wohnungseigentum
- Bergwerkseigentum
- Dauerwohn- und Dauernutzungsrechte (WEG s. 31)
so apart from anything else, "leasehold rights" won't do here because they're a UK(/US?) legal concept that differs in some material respect from these "heritable building rights". And "rights equivalent to real property" is a calque.
In accounting language, we simply talk of "land rights" as an omnibus item covering all of the above (some of which don't have direct equivalents in UK/US land law in any case).
The full line item (A.II.1) in section 266(2) of the HGB is:
Grundstücke, grundstücksgleiche Rechte und Bauten einschließlich der Bauten auf fremden Grundstücken
Land, land rights and buildings, including buildings on third-party land
--------------------------------------------------
Note added at 3 hrs (2006-06-24 13:48:11 GMT)
--------------------------------------------------
Alec: Please remember that you should look at this from the accounting perspective, not the real estate perspective.
According to the literature (Scheffler, Coenenberg, Bätge, WP-Handbuch, etc.), grundstücksgleiche Rechte are:
- Erbbaurechte
- Teil- und Wohnungseigentum
- Bergwerkseigentum
- Dauerwohn- und Dauernutzungsrechte (WEG s. 31)
so apart from anything else, "leasehold rights" won't do here because they're a UK(/US?) legal concept that differs in some material respect from these "heritable building rights". And "rights equivalent to real property" is a calque.
In accounting language, we simply talk of "land rights" as an omnibus item covering all of the above (some of which don't have direct equivalents in UK/US land law in any case).
Peer comment(s):
| neutral |
Adrian MM. (X)
: whilst I agree with your analysis, land rights suggest to me Maoris or Am-Indians reclaiming land by historical right. So better: estates or interests in land/Rights in land include in Eng. law freeholds = ca. Grundbesitz we don't know if prev. a/c entry!
10 hrs
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|
It's merely a shorter way of saying "rights in land".
|
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| agree |
Damian Brandt
: Exactly - as a side note: I usually translate Erbbaurechte as a "ground lease" - it's essentially the same animal. Unless someone cares to enlighten me otherwise...
2 days 2 hrs
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13 hrs
(a/cs) leaseholds and other interests in land; (law) chattels real
Zahn's glossary: 'rights equivalent to real property'.
Chattel reals also include leasehold interests, albeit are hybrid realty/personalty - not personality as usually mis-spelt.
Chattel reals also include leasehold interests, albeit are hybrid realty/personalty - not personality as usually mis-spelt.
Example sentence:
Grundstücksgleiche Rechte. Auf die Zwangsvollstreckung in eine Berechtigung, für welche die sich auf Grundstücke beziehenden Vorschriften gelten, ...
Definition of Chattels real in the Online Dictionary. Meaning of Chattels real. What does Chattels real mean? Chattels real synonyms, Chattels real antonyms ...
Peer comment(s):
| neutral |
RobinB
: You're not seriously suggesting that Erbbaurechte should be translated as "leasholds", are you?
9 hrs
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yes: they have many of the hallmarks of long leaseholds. Heritable building rights might be OK in Scots law only.
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Discussion