In the case of larger real estate investments, the risks involved are often higher than the initiators' assets or their willingness to take responsibility with their assets for undesirable developments in the investment. For this reason, agreements are often made with the financing banks or with third party creditors in such a way that the liability of the initiators and partners is limited solely to the company assets of the respective company. In these cases, one speaks of a so-called non-recourse agreement. It prohibits recourse to the persons and assets of the company.
