Properties Horizontal Division - Complex
Properties Horizontal Division:
Separated Title Deed – The property considered as a Unit of the overall development. The owner of each unit is a co-owner of the land.
Is not provided separated number for the plot – is the same plot number for all the units. Provided number of the unit only.
Exclusive rights of usage of the specific piece of land / building.
There is Not provided Unlimited Rights regarding the land exploitation for any additions. For any alterations - additions and subtractions on the building, the consent of all co-owners is required. Also is needed the permission from the land registry.
Adjusted mainly for united developments (Block of Flats, Complex of Villas, Commercial Building of Shops & Offices)
Is necessary to provide to the government part of the land for public contributions (Green Areas, Road Construction, Pavements, Parking Space) but not for every unit.
The owner has the ability and the right to apply for a mortgage only for its unit.