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Assembly of the owners and management of the condominium

Learn how the Assembly of the owners functions as the central decision-making and organizational body of a condominium owners' association and what significance the meeting has for the administration and common property.

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Legal bases of condominium ownership

Learn about the legal basis for condominium ownership in Switzerland. You will gain an overview of the rights and obligations associated with condominium ownership and how the community of condominium owners is organized.

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Calculating the income value of real estate

The income value is used to value real estate based on its expected long-term return. Learn how the calculation works, which factors are decisive, and where the limitations of this method lie.

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Security for your home - how to protect yourself properly!

The purchasing of a property is a wide-ranging matter - in the decision phase, prospective buyers concern themselves with the purchase price negotiations, the contract design, the financing, the conversion and the move. Time and again, however, it is clear that the security aspects are not being given sufficient attention.

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Inheritance law in Switzerland: What is there to consider to when inheriting property?

With the help of the Swiss Civil Code, inheritance law in Switzerland governs succession, provided that the deceased has not left a will. The so-called parentelic system of succession determines which heirs are the main heirs to the inheritance and how large their share of the estate is. Especially with large hereditary communities, it is advisable to write a will in time. If property such as a house, land or an owner-occupied flat is in the estate, a will prevents disputes among the heirs. In addition, you distribute your inheritance to the heirs who appreciate your estate.

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Condominium ownership - Renovation fund and value of a share

The creation of a renovation fund is not required by law. However, if the regulations provide for the establishment of a renovation fund, this provision must be complied with. It is advisable to create the renovation fund already in the first year after completion of the property. The contributions paid in are earmarked and serve to maintain the value of the property. They are intended in particular for future renovation work, such as on the roof, building technology or on the building envelope.

Contact

Contact your personal advisor

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Engel & Völkers Switzerland

Poststrasse 26

6300 Zug | Switzerland

Tel: +41 41 500 06 06