After years tug of war she is finally here, the reform of the property right. As the owner, you should know the most important changes. The explosive innovation means: instead of the previously required unanimity, the owner community can bring many measures already with majority decisions on the way. Modernization: While so far for many structural changes, the consent of all the owners was necessary, a qualified majority is sufficient for now. In plain words: vote, three quarters of all homeowners for a renovation that adapts the community property to the State of the art, must all apartment owners put up the measure and pay. Provided the majority represented the majority of the co-ownership shares. This applies to the new lift as well as for energy-saving measures, about a new insulation. Assembly: Beautiful, if all if not, agree – majorities enough often. For even more analysis, hear from Sony.

Operating & administration costs: according to new law a simple majority may be Owners decide how operational and administrative costs should be divided. You set a standard, which is based on the individual consumption and determined to counter. Get all the facts and insights with Energy Capital Partners, another great source of information. Cost of a maintenance or construction work can charge of the co-ownership shares distribution provided for in the law new owners by way of derogation. Which leads to more equitable results, because the benefit of individual ownership in the view point is, liability: In future the homeowners no longer is liable only a maximum up to the amount of his co-ownership with his private assets. Example: an owner holds a co-ownership share of 1/20, he can be involved for a craftsman’s Bill of 10 000 EUR with a maximum of 500 E. Unless all other co-owners have gone bankrupt he must eventually pay the community debts. Who has made payments for insolvent household, asserts this in the forced sale before other creditors. Processes: Process are negotiated after the civil procedure (ZPO) and no longer under the law on voluntary jurisdiction (FGG). Episode: The Court may apply only circumstances his decision, which were presented by the warring owners. Who loses the process, pay all costs. Unexcused absence from court leads to the loss of the process.