The declaration of division of a property in Hamburg: structure, content and function

Structure and content of the declaration of division of your Hamburg property for sale

A declaration of division is essentially defined by three central elements when several owners purchase a house, flat or plot of land. One of these is the partition plan, which is the prerequisite for the joint land register entry. Based on an exact drawing of the building, the partition plan determines which parts of the property are considered common property, i.e. may be used equally by all owners, and where there is special property that may only be used by certain owners - such as certain rooms, garage spaces or garden plots.

The second element of the declaration of division is a so-called certificate of separation, which confirms that condominiums or partial ownership are sufficiently separated from other units by structural measures. Finally, a community regulation is usually established. These contain all the rights and obligations of the respective part-owners and in this way coordinate the maintenance, care or management of the Hamburg property, for example. The community rules can be drawn up individually by the owners and can also include modernisation guidelines, usage regulations or information on the regular owners' meeting.

Once the declaration of division has been finalised, it is also notarised by a notary - only then do the statements made there become effective.

If you require further information on the typical structure and content of a declaration of partition for your house, flat or property purchase in Hamburg, the team of real estate agents at Engel & Völkers Hamburg Elbe will be happy to answer all your questions in a personal meeting.

Purchase, sale, administration: when the declaration of division of your Hamburg property is required

The joint entry in the land register following a successful property purchase by a community of owners is an important reason why a notarised declaration of division is definitely required. It is also used if one of the owners decides to sell their share of the Hamburg house, flat or property so that the ownership structure can be viewed transparently by the buyer. It can also be used in the management of joint property ownership, thanks to the agreed community rules, to provide a clear guideline for the operation of the property with minimal conflict.

In the experience of our estate agents, the cost of a notarised declaration of division is 200 euros or more, although the exact amount also depends on the market value of the property.

If you are a community of owners interested in buying or selling a property in Hamburg, real estate agent Engel & Völkers Hamburg Elbe will guide you through every step of the transaction. You too can benefit from our proven expertise and arrange a personal consultation with us by calling +49(0)40 987 63 53 33. We look forward to hearing from you!