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Crane Swing License Agreement

Below, there are a few things to remember if you are approached for a crane swing and support agreement on your property. The crane was built and an injunction application was filed by the owners who want to prevent the developer from entering their airspace. However, it is better for everyone that an agreement can be reached without recourse to the courts. Applications for such court orders and the defence of such applications can be lengthy and costly. If the facility is not registered with the Landesrechtsamt and you sell your property before the development project is completed, the new owner of the property may take the position that it is not bound by the conditions of ease. This could expose you to action from the owner/developer who paid you compensation for the crane swing and support rights. 7. Termination rights. The shape of the crane swing and sub-built relief that a developer prepares usually has no right to terminate. We recommend that the termination facility have termination rights in the event that the developer violates the facility and does not correct the breach within a reasonable time. For example, if the developer damages your building during its activities and takes no steps to repair the damage, you should be able to end the facility and allow the developer to continue using the facility rights until the damage to your property is repaired.

8. Sale of development real estate. Consider including an agreement in the facility that if your neighbour sells his property to a new owner/developer, the new owner/developer will have to enter into a transfer and repurchase agreement with you directly to confirm the new owner/developer`s agreement to be bound to all terms of the negotiated crane and subfund agreement, especially if relief is not registered with the National Securities Office. 6. Negotiation issues. As noted above, if you start with a significant legal and advisory fee, this can reduce your negotiating position, especially if the owner requesting the facilitation is only responsible for these fees if a final agreement is signed. If your neighbour only facilitates a crane swing, without any relief for construction work, the number of compensations is generally lower. If the crane tipping and under-construction contract is registered with the Landesrechtsamt, you want the discharge to be granted at the end of the period.