What implies the vertical property regime ?

As a real estate company, it is essential that we make the two main regimes of ownership of a building very clear. Last week we spoke about horizontal property, today we will talk about vertical property. This ownership system is adopted when all the buildings or premises belong to a single owner, whether that owner is a natural or legal person, or - sometimes - several, but, in any case, it constitutes a single property in which spaces for community use is not shared. 

It is important to note that under this system,  renting in their various forms are the usual tenancy way: seasonal rentals, industrial, commercial, professional activities, etc.

If the whole building belongs to a single owner, this implies that there is no money to be paid for the use of the common elements: there is no one to share them with, nor are there any community regulations because it would make no sense to regulate the relationship of an owner with himself/herself.

If there are one or two co-owners who share the rent, it would be convenient to regulate the rent using the legal figure of the community of goods. It is interesting to point out that, unless a trading company is the owner, in many cases they still do not form a community of owners, so let us be clear: as a community of owners has not been formed, the rules on horizontal property are still not applicable.

The vertical regime seems to 'untie' the owners but, let us not deceive ourselves, it also represents duties. Thus, the owners must: keep the building in optimal conditions and obviously face the fiscal obligations stem from their condition. All this, without forgetting to face the possible improvements that the building requires.

At Feliu our real estate agents will help you to keep your property in good condition. They will do so, whatever the property regime governing the building.