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mixins.searchInfo_searchTermHave a partial ownership land register created

Have a partial ownership land register created

Source: BUS Rheinland-Pfalz

Partial ownership is the ownership (special ownership; also known as room ownership) of rooms in a building that are not used for residential purposes in connection with the co-ownership share in the common property (land and the building, unless they are owned separately or by a third party). Non-residential premises are, for example, stores, doctors' surgeries or cafés.
If you wish to establish partial ownership, this must be entered in the land register. Partial ownership land registers are created for this purpose. Before this can take place, however, you must first create the conditions for partial 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 partial ownership through division. Each of you then receives ownership (partial ownership, special ownership; also known as room ownership) of rooms not used for residential purposes in a building already constructed or 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 existing or future rooms that are not used for residential purposes. You also allocate a fractional co-ownership share in the property to each share.
  • The entry in the land register is made by creating the partial ownership land registers by the responsible land registry office. This means that a separate, special land register sheet is created for each spatial unit. This means that a part-ownership unit 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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