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Share in the right of ownership that each co-owner holds in the common portions. This right of ownership is determined in accordance with the relative value of each fraction. The share is generally expressed as a percentage or thousandth, in the constituting act of the co-ownership.
21/09/2024
In divided co-ownership, the property of the building is divided among the co-owners in the form of "fractions." Each fraction includes a clearly defined private section, such as an apartment, a parking space, a storage unit, or even sometimes a piece of land. Additionally, each fraction grants a share of the common…...
01/03/2024
The co-ownership (condominium) gives rise to expenses relating to the maintenance of the common portions and the day-to-day administration of the syndicate. Administrative, maintenance, replacement, improvement or alteration expenses of the common portions are divided among the co-owners of the immovable. General common expenses are to be distinguished from particular common…...
13/12/2023
When purchasing real estate, it's important to fully understand the different types of ownership that affect your rights and obligations as a potential buyer. If you're looking for an apartment, ask whether it's part of a divided or undivided co-ownership. While both involve sharing a building among several co-owners, the…...
28/03/2023
La webradio du mercredi 29 mars 2023 a porté sur le mode de répartition des charges communes entre les copropriétaires. La copropriété donne lieu à des dépenses relatives à l’entretien des parties communes et l’administration courante du syndicat. Les coûts d'administration, d'entretien, de remplacement, d'amélioration ou de transformation des parties communes constituent des…...