Properties Vertical Division - Plots
Properties Vertical Division
Separated Title Deed – Different Plot Number for each Plot.
Exclusive & Unlimited rights of the land – plot.
Adjusted mainly for plots division (Residential Land to Residential Plots)
For each plot is always necessary to provide to the government part of the land for public contributions (Green Areas, Road Construction, Pavements, Parking Space).
The Building Density (%) related to the road size (m2) will be lost / deleted.
Allows any alterations - additions and subtractions on the building upon to the applied building zone without the permission of the neighbors. However, a building permit from the land registry is required.
The owner has the ability and the right to use the whole plot to apply for a mortgage.