Glossary Co-ownership — vocabulary in context
Syndic, meetings, common charges.
6 definitions · 1 clustersView by concept
1 semantic hubs · 6 connected terms
Each cluster groups a central concept and its related terms. Click to explore.
C
Co-ownership →
Co-ownership is a legal regime in which a building is divided into private lots and common areas, each co-owner holding a share in the common areas.
↳ ↳ ↳
General assembly
The general assembly is the mandatory annual meeting of all co-owners, the supreme decision-making body of the co-ownership that votes on budgets, works and the property manager's mandate.
Property manager
The property manager (syndic) is the agent responsible for the day-to-day management of a co-owned building, executing general assembly decisions and maintaining accounts.
Co-ownership regulations
The co-ownership regulations are a notarial deed defining the rights and obligations of co-owners, the distribution of charges and the operating rules of the co-owned building.
Other terms
· ·
Conciliation committee
A conciliation committee is a joint body composed of landlord and tenant representatives, responsible for attempting to amicably resolve rental disputes before going to court.
Key money
Key money is a sum paid by a commercial tenant to the landlord or outgoing tenant to obtain the right to occupy commercial premises, distinct from rent.
Do not confuse
Co-ownership vs Co-ownership regulations
Co-ownership is a legal regime in which a building is divided into private lots and common areas, each co-owner holding a share in the common areas. / The co-ownership regulations are a notarial deed defining the rights and obligations of co-owners, the distribution of charges and the operating rules of the co-owned building.
Did you know
This glossary contains 6 definitions
Each term is explained in the Belgian legal context, with the specificities of the 3 Regions (Brussels, Wallonia, Flanders). Definitions include practical examples and links to reference articles.
Related resources
Deepen the subject
All tools in one platform
Lease generation, payment tracking, digital inventory. 14-day free trial.
Try for free