Definition : Fraction

Ownership right comprising at least one private portion (e.g. an apartment) and a share (%) of the common portions reserved for all (e.g. the corridors) or, as the case may be, only for some of them (e.g. a balcony). The share in the common portions of a fraction is equal to its relative value. In addition, each fraction constitutes a separate entity and may be the object of a partial or total alienation. It includes, as the case may be, the right of use of the common portions for restricted use. The share of the common portions appurtenant to a fraction may not, separately from the private portion of the fraction, be the subject of alienation or an action in partition.

WHAT YOU SHOULD KNOW!  The Court of Appeal recognized in a judgment the possibility that a fraction consists of more than one private portion.

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Disposal of a common-use parking area for restricted use: how to do it?

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