On 28 September 2018 a new law (the law) came into force, providing new regulations relevant in practice for properties jointly owned by several persons. The law replaces in full the previous law on the establishment, organization and functioning of ownership communities. It is relevant to owners and purchasers. It applies to every owner, tenant, and owner and tenant communities in condominiums. [Condominiums are properties consisting of one plot of land and one or more buildings, if there are at least three owners of apartments or residential buildings, or spaces designed for other use (eg. offices, stores, industrial buildings, etc.) and co-ownership shares.] The law has introduced new regulations but also amended and extended existing ones: Read the article……………….
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