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Sometimes numerous properties have a common need for ground or facilities outside their own borders. That can be solved by forming a joint property unit. A joint property unit is ground or a facility that belongs to numerous properties jointly.
What is a community?
A community is most cases ground that is used jointly by numerous properties. It has its own designation in the register and belongs to the properties that have a share in it. It can for example be a village road or an old gravel pit or common facilities such as parking spaces, playgrounds or facilities for water and sewage.
What is a share in a community?
The share in the community is a part of the property. The property´s share in the community is often expressed as participatory share which is determined when the community is formed. The participatory share is the basis for how costs for operation and maintenance are distributed between the owners. A community can be administered either through part-owner management or a community association.
Can a share in a community be transferred?
The share follows the property and can only be separated from it through a cadastral procedure.