Legal tip 488. Community of owners fees I
Tuesday, April 5, 2011 @ 12:18 PM
How is this assigned?
There is a Notary deed which is signed when a building is being made. This is called the " Escritura de división horizontal" ( Horizontal Division Notary deed). This deed establishes the ownership quota corresponding to each unit. This quota can also be established by unanimous consent of all owners, by judicial or arbitration decission.
The ownership quota takes into account the usable surface of the unit in relation to the building, its internal or external location within the building and the predictable use of commun servcices by owners.
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