
Rights and obligations in condominium ownership
The acquisition and holding of a condominium are linked to numerous rights and obligations. The most important regulations and decrees concerning condominium ownership are the following:

The acquisition and holding of a condominium are linked to numerous rights and obligations. The most important regulations and decrees concerning condominium ownership are the following:

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.

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.

Parts under exclusive right

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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Engel & Völkers Switzerland
Poststrasse 26
6300 Zug | Switzerland
Tel: +41 41 500 06 06