Sectors and associations
WEG
Abbreviation for Wohnungseigentumsgesetz
In short and in plain language
The WEG is the German law on owning flats.
It sets rules for the group of flat owners and their meeting. It also covers how a manager is chosen.
Firms that manage buildings also use the short form for running such groups.
Definition
The WEG is the German Condominium Act on the ownership of flats. It governs the community of flat owners, the owners' meeting and the appointment of a manager. In property management, WEG is also used as shorthand for managing such owners' associations.