Apartment Ownership Act.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
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 apartment
ownerships. 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 ownership
register parts.
ownerships. 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 ownership
register parts.
Attached files
Web site
Entry into force notes
This Act enters into force on 1 July 2001.
Repealed
Yes
Source language
English
Legislation Amendment
No