We will handle the division of your apartment block
Dividing an apartment block into freehold apartments is governed by the German Act on Cooperative Apartments (Wohnungseigentumsgesetz – WEG). The notarial shared ownership deed defines the freehold ownership of the individual apartments and the common property. The shared ownership deed also contains specific provisions on parking spaces, basement areas, etc. In addition, the shared ownership deed includes rules relating to co-ownership. The co-ownership rules set out the arrangements for managing the homeowners’ association, in particular regarding owners’ meetings, the appointment of a homeowners’ association/property manager and the apportionment of costs.
Our Guide: Freehold apartments (in German) provides details on how to become an apartment owner, the shared ownership deed and the co-ownership rules.
Our Guide: Amending shared ownership deeds and co-ownership rules (in German) describes how to change the division of a building and the rules governing the homeowners’ association retroactively.
Residential property law is prone to frequent changes in public policy. You can follow the latest developments on the ‘division ban’, tenants’ right of first refusal, rent controls, restrictions on termination for personal use, etc. in the ‘News’ section of our website.