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mixins.searchInfo_searchTermHave a land register created

Have a land register created

Source: BUS Rheinland-Pfalz

Condominium ownership is the ownership (special ownership; also called room ownership) of an apartment in connection with the co-ownership share in the common property (land and the building, unless they are in special ownership or owned by a third party).

If you wish to establish condominium ownership, this must be entered in the land register. Land registers are created for this purpose. Before this can take place, however, you must first create the conditions for condominium ownership. This can be done in two ways:

  • If you are a co-owner of a property, this requires a notarized division agreement between all co-owners in accordance with Section 3 WEG. In doing so, you reach an agreement with all co-owners and grant each other condominium ownership through division. Each of you then receives ownership (special ownership; also known as room ownership) of a specific apartment in a building already constructed or yet to be constructed on the property.
  • If you are the sole owner of a property, you can divide it in accordance with Section 8 WEG by means of a notarized declaration. With the declaration that you submit to the land registry, you divide the ownership of the property (so-called declaration of division). You link each share to the ownership (special ownership; also known as room ownership) of an existing or future apartment. You also allocate a fractional co-ownership share in the property to each share.
  • The entry in the land register is made by the responsible land registry office by creating the residential land registers. This means that a separate, special land register sheet is created for each apartment. This means that a condominium can be sold, encumbered with mortgages or other rights or inherited just like any other property. The previous land register sheet for the property is closed.

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