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Library Apartment Ownership Act.

Apartment Ownership Act.

Apartment Ownership Act.

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Resource Language
ISBN / Resource ID
LEX-FAOC098243
Pages
15
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For the purposes of this Act, the objects of common ownership are a plot of land and such parts and equipment of a structure which are not part of the physical share of any apartment ownership and are not in the ownership of a third person. Immovable property ownership the object of which is a plot of land together with a structure or a structure to be built thereon may be divided into apartmentownerships. Apartment ownership is created by entry in the land register. Upon registration of apartment ownerships, an independent land register part shall be opened concurrently for each apartment ownership and the current register part for the immovable shall be closed. Apartment ownership terminates by deletion of the entry from the land register or by closure of the apartment ownershipregister parts.

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