SELLING

How are common charges settled upon transfer?
MOVING
How are common charges settled upon transfer?
When selling an apartment, the question often arises as to how exactly the common charges are settled between the seller and the buyer. Who pays what? And what if the final settlement is not yet available? The distribution follows clear principles, but the exact result depends on the timing of the transfer and the agreements made.
Must you report planned renovations to the buyer?
SELLING
Must you report planned renovations to the buyer?
Yes, planned renovations in an apartment building must be reported to the buyer. As a seller, you have a legal duty to provide information. The buyer must be correctly informed about important decisions that may have financial consequences before the signing of the notarial deed.
SELLING
What if the Owners Association is in debt at the time of sale
When selling an apartment, it can happen that the Owners Association itself has debts. This immediately raises questions: can the sale proceed? Are you, as the seller, liable? And what does this mean for the buyer? The good news is: the sale can proceed as normal. However, the financial situation of the Owners Association does have consequences.
What if the Owners Association is in debt at the time of sale?
Does the Property Manager have to give consent for a sale?
SELLING
Does the Property Manager have to give consent for a sale
No, the Property Manager does not have to give permission for the sale of an apartment. As the owner, you are free to sell your property. Therefore, the Property Manager cannot block or refuse a sale.
Do you have to pay outstanding syndicus fees before selling?
SELLING
What happens to ongoing Owners Association loans upon sale?
Some Vereniging van Mede-Eigenaars (VME) take out a loan to finance major works, such as roof renovation, facade insulation, or elevator modernization. But what happens to such an ongoing loan when you sell your apartment? Does the seller continue to pay, or does the buyer take over the loan?
Who pays for planned renovations after a sale
SELLING
Who pays for planned renovations after a sale
When selling an apartment, discussions often arise regarding planned renovations. Suppose facade works, roof renovation, or lift modernisation are upcoming: who pays those costs after the sale? The seller or the buyer? The answer depends primarily on the moment the works were officially approved.
MOVING
Will you receive your contribution to the reserve fund back?
No, you will not receive your contribution to the reserve fund back when you sell your apartment. The reserve fund is linked to the apartment itself and not to you personally. What exactly is the reserve fund? The reserve fund is a mandatory savings fund of the Owners Association (Owners Association). It serves to finance future major works on the building,
No, you do not receive your contribution to the reserve fund back when you sell your apartment.
No, you do not receive your contribution to the reserve fund back when you sell your apartment.
SELLING
What happens to the reserve fund upon sale
When selling an apartment, the question often arises: do I get my contribution to the reserve fund back? The short answer is: no. The reserve fund remains linked to the apartment and not to the person of the seller.