In principle, a permanently erected structure is part of the land, it has the same legal fate. This principle can be broken by the property owner granting a third party the right to erect or maintain a structure on or under the ground area. In return, the owner of the structure (= building right holder) must pay the owner of the land (= building right grantor) an annual compensation (building leasehold interest).

If the building right is independent and permanent, it may be recorded in the land register as real property. The building lease can be established as an independent right for a maximum of 100 years.

The contractual provisions on the content and scope of the building right, such as the location, shape, extent and purpose of the buildings, as well as on the use of areas not built over which are taken up by its exercise, are binding on every purchaser of the building right and the encumbered property.

Notarization and Public Certification

The Land Registry Department does not draw up contracts. If required, please contact the Liechtenstein Bar Association.