42 Contingent Liabilities

Contingent liabilities exist for cases in which Vonovia SE and its subsidiaries give guarantees to various contractual counterparts.

The terms are in many cases limited to an agreed time. In some cases, the term is unlimited.

Contingent liabilities of Vonovia are as follows:

in € million

 

Dec. 31, 2016

 

Dec. 31, 2015

 

 

 

 

 

Property transfer obligations

 

0.1

 

0.6

Rent surety bonds

 

0.4

 

0.3

Other

 

4.6

 

6.3

 

 

5.1

 

7.2

The property transfer obligations are shown in the amount of the guarantees utilized.

Vonovia is involved in legal disputes resulting from normal business activities. In particular, this involves disputes under the law of tenancy and sales disputes. None of the legal disputes, taken in isolation, will have any material effects on the net assets, financial position or results of operations of Vonovia.