A Grundbuchauszug is a copy of a land register (Grundbuch) sheet, showing a plot's owner, encumbrances and land charges on a given date. It is among the first documents a supermarket buyer requests, yet it shows only completed entries: pending applications, and the deeds the entries refer to, are not part of it.
What it is
Anyone who shows a legitimate interest may inspect the land register and obtain copies, plain or certified (§ 12(1), (2) GBO). Notaries need not show one, and anyone may obtain an extract with the owner's consent to the specific request (§ 43(2) GBV); a notary may also issue it (§ 133a GBO). The land registry charges €10 for a plain printout and €20 for an official one (KV 17000, 17001 GNotKG).
Each sheet has a title page, an inventory of plots and three sections (§ 4 GBV). The inventory gives cadastral data, type of use and area; section I names the owner, section II lists encumbrances and restrictions, and section III records mortgages and land charges (Grundschuld). Legal force lies in the entry, not the extract. A registered right is presumed to exist (§ 891 BGB), and a buyer may rely on the register's content unless an objection has been entered or the buyer knows the entry is wrong (§ 892(1) BGB).
Why it matters to investors
An extract is a snapshot, not a guarantee. Applications for registration are completed in the order received, and a later one cannot be completed before an earlier one (§§ 17, 45 GBO). A right applied for yesterday can therefore rank ahead of yours, although the extract does not show it. The right of inspection covers such applications (§ 12(1) GBO), so the notary checks them immediately before signing (see Part 8 of the series German Prime Retail).
A section II entry is often a single line referring to the deed that describes the right (§ 874 BGB), and it is that deed which must be read (Part 7). Rights the store's plot holds over neighbouring plots, such as access or parking, appear in the inventory of its own sheet only if a separate application was made (§ 9(1) GBO). Otherwise, only the neighbour's extract shows them.
Finally, a request is not anonymous: every inspection and every copy issued is logged, and the owner can learn on request who took an interest in the plot (§ 12(4) GBO). A buyer that has not yet disclosed its interest should therefore obtain the extract from the seller — usually through the data room.
What to check
• The extract's date, and a check of pending applications immediately before signing.
• Section I: the seller is the registered owner.
• Section II: the deed behind every entry.
• Section III: every land charge, and the deletion approval for each.
• Extracts for neighbouring plots, if the store depends on access, parking or utility lines across them.
Sources: BGB §§ 874, 891, 892; GBO §§ 9, 12, 17, 45, 133a; Grundbuchverfügung (GBV) §§ 4, 6, 43; GNotKG KV 17000, 17001; Gordon Real Estate Group, "German Prime Retail", Parts 7 and 8. Legal position as of 10 October 2026.
Photo: Alex Block / Unsplash
This entry is general information and not legal or tax advice.