Question from Cenfos, What Does the Spanish Horizontal Property Law Say About Dividing a Floor into Two Rooms to Sell Separately?
Answer from AI:
The Spanish Horizontal Property Law (Ley de Propiedad Horizontal) governs the division and use of property in Spain. It sets out the rights and obligations of property owners in a building where there are multiple owners, such as in an apartment building or a condominium.
Division of Property
According to the Horizontal Property Law, a property owner has the right to divide their property, but there are certain conditions and procedures that must be followed.
- Firstly, the division of the property must not impair or damage the structural integrity of the building or the rights of other property owners.
- Secondly, the division must be approved by a majority of the property owners in the building, usually at a general meeting of the community of owners.
- Thirdly, the division must be registered in the Land Registry.
Selling Divided Property
Once the property has been legally divided, each part can be sold separately. However, the new owners will become members of the community of owners and will have to comply with the community rules and contribute to the common expenses.
The process of dividing and selling property can be complex and it is recommended that you consult with a legal professional for personalized advice. They can guide you through the process, help you understand your rights and obligations, and ensure that all legal requirements are met.
For more information, you can refer to the Spanish Horizontal Property Law (in Spanish).
Please note that this information is a general guide and may not apply to all situations. Always consult with a legal professional for advice tailored to your specific circumstances.