Glossary entry (derived from question below)
German term or phrase:
Treuhandauftrag
English translation:
(US) escrow agency; (UK) stakeholdership
Added to glossary by
Mary Burdman
Jan 21, 2020 22:28
4 yrs ago
27 viewers *
German term
Treuhandauftrag
German to English
Law/Patents
Real Estate
Austrian property purchase agreement
This term occurs in an Austrian property purchase agreement.
Context:
**Treuhandauftrag**, Auftrag zur grundbücherlichen Durchführung und Vollmachten
Der **Treuhandauftrag** erlischt nach Wohnungseigentumsbegründung an der Liegenschaft und ordnungsgemäßer Einverleibung des Eigentumsrechts des Käufers am Kaufgegenstand … usw.
I have seen 'trust order' and 'fiduciary mandate.' Does anyone know the appropriate term in US English?
Many thanks!
Context:
**Treuhandauftrag**, Auftrag zur grundbücherlichen Durchführung und Vollmachten
Der **Treuhandauftrag** erlischt nach Wohnungseigentumsbegründung an der Liegenschaft und ordnungsgemäßer Einverleibung des Eigentumsrechts des Käufers am Kaufgegenstand … usw.
I have seen 'trust order' and 'fiduciary mandate.' Does anyone know the appropriate term in US English?
Many thanks!
Proposed translations
(English)
| 2 | (US) escrow agency; (UK) stakeholdership |
Adrian MM.
|
| 4 | Escrow order |
Chris Pr
|
| 3 | escrow mandate |
Michael Martin, MA
|
Proposed translations
10 hrs
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
24
Selected
(US) escrow agency; (UK) stakeholdership
Singapore: stakeholding monies agreement.
Agency usually fits as a legalistic translation for Auftrag: Auftrag zur grundbücherlichen Durchführung und Vollmachten > Agency for completion of (Austrian) land registration.
In my property-buy case in Vienna, it had been a Rechtsanwalt - rather than the Notary signing off the coinveyance - who had acted as agent receiving the Baukredit /mortgage monies.
Escrow in the UK is used for docs. & deeds desposited subject to a condition, rather than trust monies that are held as stakolder.
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Note added at 10 hrs (2020-01-22 09:03:27 GMT)
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PS escrow instruction(s) used plurally only, in the US & Oz: https://homeguides.sfgate.com/california-escrow-rules-regula...
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Note added at 16 hrs (2020-01-22 14:54:39 GMT)
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You, Mary per discussion entry, are welcome. Agency seems to fit as a 'neutral' term. As a practical matter, having had a Treuhandauftrag forced on me to stop me receiving the mortgage loan monies direct, I cannot say that I - on buying my apartment in Austria - had given any instruction, order or mandate to either the lending bank, Rechtsanwalt or öffentlicher Notar to set up the scheme.
It was merely part of the deal in a local custom that has echoes of a US American escrow or UK estate agent (realtor) or lawyer acting as a stakeholder for both parties vs. a lawyer etc. agent acting for either the buyer or the seller but not allowed to act for both.
Agency usually fits as a legalistic translation for Auftrag: Auftrag zur grundbücherlichen Durchführung und Vollmachten > Agency for completion of (Austrian) land registration.
In my property-buy case in Vienna, it had been a Rechtsanwalt - rather than the Notary signing off the coinveyance - who had acted as agent receiving the Baukredit /mortgage monies.
Escrow in the UK is used for docs. & deeds desposited subject to a condition, rather than trust monies that are held as stakolder.
--------------------------------------------------
Note added at 10 hrs (2020-01-22 09:03:27 GMT)
--------------------------------------------------
PS escrow instruction(s) used plurally only, in the US & Oz: https://homeguides.sfgate.com/california-escrow-rules-regula...
--------------------------------------------------
Note added at 16 hrs (2020-01-22 14:54:39 GMT)
--------------------------------------------------
You, Mary per discussion entry, are welcome. Agency seems to fit as a 'neutral' term. As a practical matter, having had a Treuhandauftrag forced on me to stop me receiving the mortgage loan monies direct, I cannot say that I - on buying my apartment in Austria - had given any instruction, order or mandate to either the lending bank, Rechtsanwalt or öffentlicher Notar to set up the scheme.
It was merely part of the deal in a local custom that has echoes of a US American escrow or UK estate agent (realtor) or lawyer acting as a stakeholder for both parties vs. a lawyer etc. agent acting for either the buyer or the seller but not allowed to act for both.
Example sentence:
Escrow Trusteeship Normally when transaction is based on certain happening or any property is to be held by a third party disposal of which is to depend on happening or non happening of event (s) then an Escrow Agent i.e. impartial party is appointed.
Reference:
http://www.investopedia.com/terms/e/escrow_agent.asp
http://www.linguee.de/englisch-deutsch/uebersetzung/escrowship.html
Peer comment(s):
| neutral |
AllegroTrans
: but it's the actual instruction (customary or arising from law) to the escrow agent, methinks
16 hrs
|
|
Thx for keeping me on my toes. 1. Instruction usually pluralises in BrE, plus I had a problem with 'erlischt': the instruction vs. agency expiring 2. in my flat-buy case, it was the bank that gave my/its 'Auftrag' to the Rechtsanwalt + notary as agents.
|
4 KudoZ points awarded for this answer.
6 mins
Escrow order
imho
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Note added at 15 mins (2020-01-21 22:44:28 GMT)
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Or even "trust order" in a business sense...
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Note added at 15 mins (2020-01-21 22:44:28 GMT)
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Or even "trust order" in a business sense...
26 mins
Michael Martin, MA
United States
United States
Native in German
&
English
United States
Creativity wins in the long run
Native in: German (Variant: Germany) , English (Variant: US)
Works in: German to English
Related KudoZ points
:
44
escrow mandate
Compare with this:
"“Escrow Agreement” means that certain escrow mandate (Treuhandauftrag) granted to the Escrow Agent by the Buyer and the Seller and accepted by the Escrow Agent, dated as of the date hereof, in the form attached as Exhibit E hereto;..." https://www.sec.gov/Archives/edgar/data/815094/0001193125142...
"“Escrow Agreement” means that certain escrow mandate (Treuhandauftrag) granted to the Escrow Agent by the Buyer and the Seller and accepted by the Escrow Agent, dated as of the date hereof, in the form attached as Exhibit E hereto;..." https://www.sec.gov/Archives/edgar/data/815094/0001193125142...
Discussion