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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.

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What needs to be taken into account when purchasing a condominium?

Purchasing condominium ownership involves specific legal and organizational considerations. This article outlines which documents and regulations should be carefully reviewed before buying – from land register extracts and easements to the regulations and the renewal fund. It provides prospective buyers with a concise guide to making a well-informed decision.

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Energy-efficient refurbishments - what you need to know

For existing properties in particular, upgrading the heating system is now a key issue that should be given high priority, even during the purchase process. In addition to personal values with regard to environmental protection and sustainability, future legal requirements, especially, are an important consideration. These are based on the model cantonal energy provisions (MuKEn 2014), which individual cantons are progressively incorporating into their energy laws.

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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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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:

Damaged Building Roof from Buring Fire

Guide Insurance - Comprehensive insurance coverage for private residential property

Safety is one of the most important housing needs because there is always the possibility of something going wrong and causing damage where you live and spend a lot of time. Questions about appropriate insurance solutions are therefore very diverse and individual, sometimes also requiring intensive consultation. For this reason, dealing with the topic of timely insurance for one’s own home is indispensable.

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Engel & Völkers Switzerland

Poststrasse 26

6300 Zug | Switzerland

Tel: +41 41 500 06 06