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A criteria that takes into account the consistency of a private portion, its material condition and physical structure, in determining the relative value of each fraction. This criteria thus considers the quality of the construction (e.g. the nature of the materials used) and the presence of accessories (such as a balcony or terrace). This will give an apartment a higher relative value than a storage locker in the basement of the building.
30/05/2024
Any co-owner may have the relative value of their fraction, as well as the allocation of common expenses, revised according to certain conditions and formalities. To do so, it is necessary to proceed with an appeal to revise the relative value of the fractions. Furthermore, a co-owner may wish to…...
30/12/2023
Divided co-ownership is a housing formula that usually has more than one owner. In order to assess and quantify the interest of each person in the building, the legislator has provided that the right of ownership of each owner in the common portions is proportional to the relative value of his…...
08/06/2015
In divided co-ownership, the right of ownership is divided, among the co-owners, by "fractions", each comprising a materially divided private portion (e.g. a residential unit, a parking or storage space, and sometimes even a plot of land) and a share of the common portions. To each fraction is attached an undivided right…...