Condominium Conversion
Condominium conversion includes the preparation of condominium conversion studies for buildings, family houses, apartments, commercial premises, garages and other independent usable units. A condominium conversion study is prepared as technical documentation required for establishing condominium ownership and more clearly defining the separate and common parts of the property.
PROPERTIES FOR WHICH WE PREPARE CONDOMINIUM CONVERSION STUDIES
DOCUMENTATION AND SERVICES
Condominium conversion is a procedure by which condominium ownership is established, i.e. the separate parts of a property are defined and linked with the corresponding co-ownership shares in the common parts and land. The study is most often prepared for buildings with several apartments, commercial premises, garages or other separate usable units.
A condominium conversion study is prepared based on available design documentation, land registry and cadastral data, and the actual condition of the property. The documentation includes a technical description, graphical representations, floor area data and the identification of separate and common parts of the property.
Condominium conversion is particularly useful for buildings and houses with several apartments or commercial premises, for the sale of separate property parts, regulation of ownership relations, inheritance, gifts, land registry registration or preparation of real estate for further disposal.
WHAT A CONDOMINIUM CONVERSION STUDY INCLUDES
Review of Documentation and Existing Condition
Before preparing the study, the available documentation is reviewed and, if necessary, an inspection and measurement of the existing condition of the building is carried out.
Graphical Representation of Separate and Common Parts
The study presents the separate parts of the property, such as apartments, commercial premises, garages and storage rooms, as well as common parts of the building used by all co-owners.
Floor Area Statement and Technical Description
The documentation includes a floor area statement, technical description and other necessary data for the clear definition of separate and common parts of the property.
Basis for Registration of Condominium Ownership
A condominium conversion study serves as a technical basis in procedures related to establishing condominium ownership, regulating ownership relations, sale, inheritance, division of property or registration of separate parts in the land register.