Last edited on
What is a basic deed
The foundation of every co-ownership
Anyone who buys an apartment becomes not only the owner of their own home, but also a co-owner of the common parts of the building. To clearly establish who owns what and how the co-ownership is organized, a basic deed is drawn up.
The basic deed is a legal document drawn up by a notary and entered in the registers of the competent office of the patrimonial documentation. It forms the legal basis of every co-ownership and determines how the building is divided and managed.
What is included in a basic deed?
A basic deed contains all essential information about the building and the various properties. Among other things, you will find:
- The description of the building.
- The layout of the private and common parts.
- The intended use of the various lots (for example, residential, commercial, or office).
- The shares of each private lot in the common parts.
- The allocation key for common costs.
- The co-ownership regulations or a reference to them.
Thanks to this information, it is clear to every owner which parts are exclusively owned and which parts are managed jointly.
Why is a basic deed important
The basic deed prevents discussions and ambiguities between co-owners. After all, it determines the property rights and forms the starting point for the management of the building.
The basic deed also plays an important role when selling an apartment. It gives the buyer a clear picture of their rights and obligations within the co-ownership.
In addition, the basic deed is regularly consulted by the Property Manager, the association of co-owners, notaries, real estate agents, and other involved parties.
Can a basic deed be amended
Yes, but amending the basic deed is not simple. Because it is an authentic notarial deed, amendments must comply with legal conditions.
Depending on the nature of the amendment, a decision by the general meeting of the association of co-owners is required, often with a special majority. Subsequently, the amendment must be notarized again and officially registered.
What is the difference between the basic deed and the co-ownership regulations
Although both documents are closely linked, they have different functions.
- The basic deed establishes the ownership structure of the building: which parts are private, which are common, and how the shares are distributed.
- The co-ownership regulations contain the practical and legal rules for management, the use of the common parts, and the operation of the association of co-owners.
Together, these documents form the foundation of a well-organized co-ownership.
Conclusion
The basic deed is one of the most important documents within an apartment building. It establishes the ownership relationships, determines the distribution of the common parts, and forms the legal basis for the management of the co-ownership. Every owner is well-advised to know the contents of the basic deed, so they know exactly which rights and obligations are attached to their property.
The basic deed is the foundation of a co-ownership: clear agreements today ensure harmony tomorrow
Work with Parte
Do you also choose Parte?
At Parte, you get the best of both worlds: the personal approach of a local team that knows your building, and the strength of a professional group. One fixed point of contact, pooled expertise, and modern technology that a solo Property Manager cannot match. Request a no-obligation quote today.
