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Old 31.05.2007, 22:59
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Does "Anteilscheine" mean "deposit"?

Obviously I don't speak German. However, my wife does and she also doesn't know what this word means in context. I found a flat online that's around 1700CHf, however the Anteilscheine is 9000CHf, which is really steep if it means "deposit".

Any ideas?
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Old 31.05.2007, 23:27
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Re: Does "Anteilscheine" mean "deposit"?

It's a share certificate and I think it's not an unusual amount for building cooperations. Our rent is about 1000 Fr. and our share certificate is about 10'000 Fr., if I remember correctly. I can look it up tomorrow, if I don't forget it.

Building cooperations (Baugenossenschaft) are common among landlords in urban areas, historically they were founded to provide cheap appartments. Somebody had to invest money to build them and leasers take over a part of the investment for the time of their stay.

// Looked it up, it's 8000 Fr.

Last edited by Nathu; 01.06.2007 at 00:14.
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Old 01.06.2007, 00:36
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Re: Does "Anteilscheine" mean "deposit"?

So that means 9000CHf up front for the pleasure of living there? Do you get that money back?
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Old 01.06.2007, 00:56
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Re: Does "Anteilscheine" mean "deposit"?

Yes and yes.
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Old 01.06.2007, 01:09
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Re: Does "Anteilscheine" mean "deposit"?

One last teeny tiny question. I read in the "Living and Working in Switzerland" book that when deposits are made on flats they should collect interest. Is it the same with Anteilscheines as well?
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Old 01.06.2007, 01:43
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Re: Does "Anteilscheine" mean "deposit"?

Interest is at least not a given, the handling is defined in each building corporation's articles of corporation. Some explicitely exclude interest on Anteilsscheine, others annually decide about the existence and height of an interest rate but say that it must be low enough to avoid Swiss stamp tax as a non-profit organisation.
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Old 13.03.2015, 12:02
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Re: Does "Anteilscheine" mean "deposit"?

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One last teeny tiny question. I read in the "Living and Working in Switzerland" book that when deposits are made on flats they should collect interest. Is it the same with Anteilscheines as well?
If it's a Genossenschaft you even get invited to the annual meeting and there you get to vote over the dividend. If you're unhappy you can even hold a speech and try and change things.
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Old 16.07.2009, 21:45
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co-operative housing [Anteilsscheine der Genossenschaft]

Hey Everyone

Does anyone know what 'Anteilsscheine der Genossenschaft' means? I am interested in an apartment and the details say I pay an amount which is 'Anteilsscheine der Genossenschaft' in place of a deposit (3% interest). From Google translation tool, I think it means co-operative housing but I am concerned it may not mean the same thing as a co-operative house in the UK.

Please if anyone understands this or has experience of this type of rent please give generous advice.

Warm Regards (28° & climbing)

ocube
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Old 18.07.2009, 12:40
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Re: co-operative housing [Anteilsscheine der Genossenschaft]

hi Ocube, you will find a good explanation of how the cooperative system works here:
Does "Anteilscheine" mean "deposit"?
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This user would like to thank Bartholemew for this useful post:
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Old 19.07.2009, 22:04
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Re: co-operative housing [Anteilsscheine der Genossenschaft]

Thanks Bartholemew

You are such a lifesaver... I thought my question was going to set a record for longest unanswered post!

Have a lovely week

ocube
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Old 13.03.2015, 11:44
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Re: Does "Anteilscheine" mean "deposit"?

Does anyone knows how do you get the "Anteilscheine" back when you leave the country?
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Old 13.03.2015, 12:00
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Re: Does "Anteilscheine" mean "deposit"?

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Does anyone knows how do you get the "Anteilscheine" back when you leave the country?
Find someone to buy it from you.
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