Scandal in Margareten: Five buildings neglected under bankruptcy!

Scandal in Margareten: Five buildings neglected under bankruptcy!

Margaretenstraße 114-118, 1050 Wien, Österreich - In Margareten, the condition of several buildings ensures concern among the residents. Five properties, especially on Margaretenstraße 114-118, Arbeitergasse 47 and Brandmayergasse 36, are owned by MEK 2020 Immobilien GmbH, part of the masonry network. As MeinDände , the buildings have fallen into disrepair. The entrance doors are defective, elevators no longer run, and the entrance area makes a shrilled impression.

residents are visibly annoyed by the conditions. Walter Kortanek, who has lived in one of the affected buildings for 43 years, describes the grievances as catastrophic since the purchase by masonry. Rats in the courtyard and pigeons that settle in the attic are unfortunately not uncommon. Bernhard Millauer has documented the grievances for another years. The construction police have already visited the building and short -term repairs were carried out, but these often remained only superficial.

poor maintenance and legal consequences

The City of Vienna has now applied for the fact that the MEK will remove defects. However, a corresponding judgment is still pending. According to Kanzlei Herfurtner forced administration is used if the owner cannot pay his debts. In this case, the forced administration was announced on June 25, 2023, but not because of the structural damage, but due to the bankruptcy of a part of the masonry network.

Managing Director Mustafa Elnimr, who is a partner of several real estate companies, is faced with a payment problem. Now the rent payments go to the forced administrator, the Raiffeisenbank Region Schärding, which holds a lien of impressive 16 million euros. It remains unclear whether and when a foreclosure of the affected buildings will actually take place.

What does forced administration mean for the residents?

The forced administration is, as to deinimmoberater.de , a procedure in which a dish transfers control of a property to a forced administrator. This measure enables the income from the property to be used to satisfy the creditors. In this procedure, the property remains the property of the debtor, but the forced administrator has control over tenancy and maintenance work. This procedure is legally regulated by the Code of Civil Procedure (ZPO).

For the owners, this means above all that they lose control of the administration of their real estate. After ordering a forced administrator, this must regularly report reports on the condition of the property. In the event of violations, a forced administrator can also make repairs independently, which could result in additional costs for the owner.

The situation for the tenants who are in a state of uncertainty is particularly depressing. While you hope for improvements, it remains to be seen how the legal steps will develop. The case of the buildings in Margareten impressively shows what effects the owner of the owners can have on the living environment of the residents.

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OrtMargaretenstraße 114-118, 1050 Wien, Österreich
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