A finder has these duties
Because whether a finder keeps his find or gives it away is not at the discretion of the individual. The German Civil Code, BGB for short, regulates in Section 965 that a finder must hand in an item with a value of more than ten euros to the competent authority, which can be a police station or a lost property office, as soon as possible. Alexander Rilling from the Association of German Lawyers (VDA), told berlin.de: “The report must be made immediately, as quickly as possible under the circumstances.” If you do not do this and keep the find, you are liable to prosecution for embezzlement. However, this rule only applies to lost property that is worth ten euros or more.
A finder has these rights
In addition to the obligation to find a finder, however, the finder also has statutory rights and thus a claim to finder’s reward. Paragraph 971 of the BGB states that a finder with a value of up to 500 euros is entitled to a finder’s fee of five percent. If the find is worth more than 500 euros, the owner must pay the finder a finder’s fee of three percent for anything in excess of 500 euros. So if a person finds 800 euros, they will receive a finder’s fee of 24 euros.
In the case of a purely ideal value of the find, it is at the discretion of the original owner how much finder’s fee he pays the finder.
What if the lost property is not picked up?
A found item is kept by the police or the lost property office for a maximum of six months. If no one has tried to pick up the find during this time, the finder can pick it up at the respective location after the six months have elapsed and may keep the find, regardless of whether it is a banknote or a watch.
Finanzen.net editorial team
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