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A green space consisting of semi-natural lands, walkways and paths for walking and various types of recreation. In divided co-ownership, a park is presumed to be a common portion. It is therefore the responsibility of the syndicate of co-owners to ensure its maintenance and preservation. Furthermore, the co-ownerships by phases often have this type of development, on which plants and urban furniture are based. Their maintenance is usually the responsibility of the syndicate resulting from the initial declaration of co-ownership.
21/09/2024
When purchasing an apartment in a high-rise building, the buyer automatically becomes a co-owner in a vertical co-ownership, where the units are stacked on top of each other. However, when acquiring a house (detached, townhouse or semi-detached) located on a shared piece of land with other houses, it typically falls under horizontal co-ownership., where…...
21/09/2024
Large-scale real estate developments in divided co-ownership are often carried out in successive stages, the number of buildings and the duration of the work are a function of the marketing and interim construction financing. Some co-ownerships have more than one building that have in common community spaces such as a…...
08/06/2015
The characteristic of divided co-ownership is to divide the building into various lots that will be the exclusive property of the co-owners (private portions), and for others that will be the property of all the co-owners (common portions). These lots are identified by an individual number, which was assigned during…...