Definition : Act of acquisition of immovables by the syndicate of co-owners

Legal act by which a syndicate of co-owners  obtains the ownership of an immovable (e.g. land or the janitor’s apartment) or obtains rights upon an immovable (e.g. a servitude on the land adjacent to the co-ownership). This deed is usually signed before a notary. The general meeting of co-owners must approve an acquisition of immovables by the syndicate of co-owners, by a enhanced majority.

Related articles

  The first step in the preparation of a General Meeting of co-owners is to prepare a complete agenda. Even though there is no legal formalism governing its fine print, the agenda must be sufficiently specific. It must mention all the questions and items to be tabled before the General Meeting. You will find here under some useful pointers for preparing and drafting an agenda.
View more
 The resolutions of the General Meeting of the co-owners require complex calculations in order to determine whether a the required majority has been reached. To do so, you must make sure that the register of co-owners is up to date, and that the compilation of votes is done according to the relative value specific to each fraction. This reduces the risk of contestation of an adopted resolution. That said, some decisions have extremely important consequences for all co-owners so the requirements in terms of majorities are then higher. For this reason, the law imposes three levels of majority: absolute, enhanced and double majority, depending on the importance of the decision to be taken.  
View more