Detailed description
If you want to divide a building on a plot of land into individual apartments, this must be entered in the land register. This is called establishing condominium ownership.
Condominium ownership is the sole ownership of an apartment or of the rooms that are to be used as a residence.
Each sole owner also includes a fraction (co-ownership share) of the common property, in particular the land.
To do this, you as the owner must
- submit a declaration of division to the land registry office or
- conclude a partition agreement.
The declaration of division must be notarized and the division contract must be notarized.
The condominium can then
- be sold
- be encumbered with mortgages or other rights
- be inherited
Note: The regulations for land registry entries and the associated formalities are complex. You should therefore always seek advice from a notary.
The entry in the land register is made by creating the apartment land registers.