Frequently asked questions about condominiums
Here you will find an overview of the most frequently asked questions about condominium ownership
According to the definition in Section 1 of the Home Ownership Act (WEG-Gesetz), condominium ownership is the “special ownership of a residential unit in combination with a share in the common property to which it belongs”.
This provision stipulates that condominium ownership can only be established for apartments. However, partial ownership can only be claimed for rooms in a building that are not used for residential purposes as part of a corresponding declaration of division.
The abbreviation WEG stands for Wohnungseigentümergemeinschaft. This is formed as soon as a house and its apartments are converted into condominiums in the land register. This abbreviation is also used in legislation. The “Act on Residential Property and Permanent Residential Rights” is also abbreviated to WEG.
This merely refers to the fact that the person who uses a property for residential purposes is also the legal owner of this property. In this context, the actual self-use of the apartment or house is decisive, regardless of the legal basis of the residential property in accordance with the WEG Act.
In principle, it is not possible to decide on other measures at the first owners’ meeting. It is also not possible to omit individual measures, as the refurbishment measures are part of the purchase agreement with the basic deed, including an obligation to obtain the consent of each buyer (changes would therefore only be possible by a unanimous vote).
No, as the WEG itself is the client of the measures.
The commissioned general contractor assumes the statutory warranty for the commissioned measures.
No, the contract is awarded by the condominium management on behalf of the community of owners. Three cost estimates from different companies are presented to the COA at the first owners’ meeting. At least one cost estimate will be within the price range of the planned costs and, following a positive vote, the COA administration will commission the work on behalf of the COA.
As a precautionary measure, the cost estimates generally include a security amount for unforeseeable construction work amounting to at least 5% of the repair costs. If this is actually insufficient, the additional costs would have to be borne by the owners in line with the co-ownership shares.
Frequently asked questions about special property
Here you will find an overview of the most frequently asked questions about condominiums
Special ownership refers to your apartment, which you as the owner can use as you see fit, provided that no third-party rights are infringed.
According to the definition of the German Home Ownership Act (WEG), condominium ownership comprises the special ownership of an apartment. Special ownership includes both the apartment itself and the parts of the building that belong to this apartment and can be modified, removed or added to without affecting the common property or the special property of other apartment owners.
No, as we provide the living space calculations in accordance with the Living Space Ordinance. Furthermore, the true-to-scale AB plans can be used as a guide.
Fortis itself does not have its own construction company or tradesmen to carry out the interior work. However, it can recommend finishing companies and establish contact if required. Ultimately, it is up to each owner to decide which companies to commission and which work to carry out in the condominium.
If included in the cost estimate, the electrical, heating and sanitary lines are generally laid vertically up to the apartment entrance area (= common property). Each owner is responsible for the sub-distribution within their own rooms (= separate property).
Depending on the quality of the fittings, special features, individual requirements of the respective owner and the size of the apartment, the interior fit-out on the standard floor can be expected to cost between 500 and 1,200 euros.
Do you have any further questions? Then please send us a message. We look forward to being able to help you.
+49 30 516 95 97 32
info@fortis-group.de
www.fortis-group.de
