- What is the co-ownership rate?
- How is the co-ownership rate calculated?
- Concrete case of the calculation of co-ownership charges according to the share
- Can one modify his share of co-ownership?
The billing of condominium fees is divided between the different owners of a property, according to the share of each. If this term is not always obvious to understand, the mode of calculation which is hidden behind the is even less. Explanations on the share of the co-owners.
What is the co-ownership rate?
The share of co-ownership is defined as the share of surfaces, services and common equipment of a real estate complex attributed to each owner. This is most often expressed in directors or thousandths, and figure in the state of division annexed to the internal regulations of each co-ownership.
If the share serves as a basis for the distribution of common expenses, and therefore to determine the amount of expenses that is incumbent on each, it also sets their power when voting at General Meeting of co-owners, that is to say the number of votes.
How is the co-ownership rate calculated?
There are many methods of calculating the quota in co-ownership; they can explain that, on the same call of funds, a co-owner can be invoiced expenses with different royalties. We distinguish:
- For general expenses: The share is based on the value of each lot in relation to the overall value of the property complex;
- For special loads: The share is a function of the utility character of the service or the common equipment vis-à-vis each lot. The calculation can also take into account the nature of the expenses. Thus, for charges relating to an elevator serving a building of 5 floors and not providing access in the basement, the share will be zero for the owners of the ground floor, while for others, it may to be progressive according to the floor where their property is located.
Concrete case of the calculation of co-ownership charges according to the share
Lot A of a condominium representing 99 / 1,000th of the complex, its owner will have to pay 9.9% of common expenses.
Thus, for an overall amount of charges equivalent to 2 970 euros for example, to be divided between the different co-owners, the one with lot A will have to pay EUR 294.03.
Can one modify his share of co-ownership?
The only way to change your share, and therefore the distribution between all the co-owners, is to obtain a unanimous vote in General Assembly. If this request is also intended to contest a distribution error, it is in this case possible to go to court.