The floor plan layout: An essential basis for a successful apartment sale

When thinking about selling your property, you should consider various things and present it attractively to potential buyers. This is just as important for plots of land with houses as it is for condominium ownership.

Allocation plan and why it is important for decision-making

When selling an apartment, the location plays a special role for potential buyers. A condominium in an attractive location sells well. This depends not only on the location within the city—central or in a quiet location on the outskirts—but also on the location directly within the building. The architectural drawings, including the floor plan, are important tools and make it easier for prospective buyers to decide on an apartment.

What is a division plan?

When selling an apartment, the division plan is of great importance. It is also known as Partition plan is designated as and is a construction drawing of the joint ownership. The distribution plan depicts the building (front building and rear building, if applicable). It shows all parts of the apartment building that belong to all residential owners as common property, but also the Condominiums with their location and size. These apartments are considered Exclusive property. Using the as-built drawing, it is possible to identify which rooms are used for residential purposes.

The numbering ensures a clear division of the premises among the co-owners

The subdivision plan contains all parts of the building on a scale of 1:100 and each unit is in the separate land register sheet recorded. The units are numbered in the division plan to prevent confusion and errors.

If the architect, when creating the partition plan Units of separate ownership with a designated purpose specifies (such as a nail salon), this is legally irrelevant. This is because the apportionment plan does not have the function of determining the intended use. The intended use can be found in the community rules, the declaration of division, or the division agreement.

When thinking about selling a property, you should obtain the floor plan and check whether all important details are clearly visible. Prospective buyers want to know how large the condominium for sale is, which floor it is on, and whether it might be located on a busy street.

When you commission us to sell your residential property, we, as real estate agents, will procure all the necessary documents for the property. Here you can find information about our extensive services. Of course, you are welcome to contact us by phone or email. contact. I am very happy to answer your questions about real estate.

What information does the subdivision plan contain?

The entire property is in the subdivision plan in Scale 1:100 shown. This involves Floor plans, elevations and sections of the joint propertys. For each condominium, a separate land register sheet required. Every apartment must be designated in the division plan with a Digit referred to as. These figures form the basis of reference for determining the special rights of use pursuant to Section 7 Condominium Act.

All special ownership units can be found in the partition plan. This also includes units that are not exclusively restricted to residential use. The partition plan shows whether Basement rooms and vehicle parking spaces include this.

All other rooms, such as attics, domes, etc., must be included in the floor plans.

So that prospective buyers and owners know exactly which areas belong to a residential property unit or to non-residential property, the individual condominium units must be numbered consecutively and color-coded.

Especially in Attic loft the question may arise whether it is separate ownership or partial ownership. Does the attic space belong exclusively to the owner who possesses the rooms directly below the attic? Especially in the case of attic spaces that have been subsequently converted, problems can arise during a sale or purchase. Therefore, it is important to gain clarity before selling a property regarding whether the attic spaces and other rooms belong to common property or separate ownership.

The division plan together with the declaration of division ensures that the principle of certainty under property and land register law is satisfied. In condominium law, the division plan fulfills the same delimitation function as the cadaster in real property law..

Since the division plan shows the allocation of the living space, it is possible to determine what share an owner has, for example, in the renovation of common property and how the Cost allocation within the condominium association completed. Together with the declaration of division and the condominium land register, it is also possible to sound valuationto create the individual residential units or the building and property.

Pay attention to the declaration of division

The distribution plan can, in accordance with Section 7 of the Residential Property Act issued and certified by a publicly appointed or recognized expert in construction instead of a building authority, following a decision by the state government. The individual units must be self-contained. A prerequisite for this is Deed of partition (partition agreement) and the subdivision plan with a certificate of separate ownership. With the declaration of division, the property owner declares to the land registry that the residential building is divided into residential units as separate ownership and associated co-ownership shares. When selling an apartment, the declaration of division offers and Community bylaws important information for potential buyers. The competent authority reviews the subdivision plan, which then becomes part of the declaration of division.

The division plan as a prerequisite for the apartment sale

If construction financing is required for the acquisition of a condominium or commercial partial ownership, the declaration of division is one of the documents that must be submitted to the financing bank.

In addition to Certificate of non-community/Certificate of separate ownership, which is the prerequisite for dividing a building into legally separate residential units, represents the Floor plan is the basic prerequisite for selling an apartment there. He informs about the Completion of the residential units and their Size and position in the building. Also for the Home financing the division plan including the declaration of division as well as the land register must be submitted.