By subdivision and division of condominiums, it is understood that what was previously one property with, for example, 8 leases, instead becomes 8 properties, which do not all necessarily have the same owner.
Whether you have the option of dividing your property into several condominiums depends on when the property was built.
Properties where construction began before 1 July 1966 are considered old properties. These properties cannot be divided into condominiums.
An exception is made for properties with a maximum of two residential apartments. Here, subdivision can take place if a land surveyor and the building inspectorate approve it.
If the property is from before July 1, 1966, you can only sell the property in its entirety.
For properties built after July 1, 1966, it is generally possible to divide the property into owner-occupied apartments.
However, the rules on the subdivision of condominiums prohibit the subdivision of just one apartment. Instead, the entire property must be divided into condominiums. After the division into condominiums, the former owner of the property is instead the owner of all condominiums in the property. After that, it will be possible to sell the apartments one at a time or all together. The tenants in the property will still be protected against termination to the same extent as before the division.
The practical implementation of dividing a property into condominiums will usually be done with the help of a land surveyor and a lawyer. Each condominium must have its own land registry number, and an owners' association must be established and distribution figures for each apartment determined.
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