Condominium ownership briefly explained
Condominium ownership is a special form of co-ownership. As a buyer of a condominium, you acquire a special right to your own flat as well as a share in the entire property. This share, also called the ownership interest, is entered in the land register and plays a central role in the division of the shared costs. As a condominium owner, you must contribute to the maintenance costs of the common components and to the operating costs in proportion to your share.