The establishment of condominium ownership is of central importance in the context of real estate developments - whether it is a new build or the revitalization and development of an existing building. It is not only the formal prerequisite for the individual sale of residential units, but also forms the legal foundation for the future community of owners. A well thought-out condominium foundation is therefore essential for a legally secure and economically successful project. The experts at GIBEL ZIRM attorneys at law are at your side from the first step to the land registry process.
Services and offer for real estate development projects
Parification and utility appraisals: Civil and legal components in harmony
Parification covers both technical and legal aspects. As part of a usable value appraisal, authorized civil engineers objectively determine the relationship between the individual usage units, such as apartments, business premises, parking spaces or cellar compartments. This assessment is carried out on the basis of statutory criteria and forms the basis for the allocation of co-ownership shares. These findings are then cast in a legally binding form - in a contract that is designed in such a way that it can be entered in the land register and establishes the legal independence of the individual units.
The condominium and homeowners' association governing documents: scope for design with effect
The condominium and homeowners' association governing documents not only determine who owns which unit. It also defines key rules for the future management and use of the property:
- What payroll areas are there?
- How are the costs distributed?
- Are structural changes - e. g. Air conditioning units or terrace extensions - permitted without further consent?
- How is the use of common areas regulated?
As every property and every project has its own individual circumstances and challenges, a carefully coordinated condominium and homeowners' association governing documents are essential. This is the only way to avoid later conflicts between co-owners and lay the foundations for a functioning relationship.
Legal certainty and flexibility - even in the marketing phase
For property developers in particular, the establishment of condominium ownership is also of strategic importance from a business perspective. A professionally drafted contract allows you to remain flexible - even during the sales phase. This gives you planning and financing security while remaining flexible in the event of project adjustments.
Our law firm: expertise, experience and tailor-made solutions
As experienced attorneys at law specializing in real estate law, we will guide you safely through the entire process of establishment of condominium ownership. We make sure that
- the implementation in the land register is legally secure,
- the contract documents meet both the legal requirements and the needs of your project,
- and you can rely on clear, practice-oriented solutions.
Whether it's a small development project or a large-volume property development project - we think along with you, recognize legal stumbling blocks at an early stage and support you in implementing your project goals efficiently and in a legally sound manner. You can rely on legal support that is as structured as your project.
