What to understand the deed of “horizontal division” of a building?
The horizontal division deed is a legal document that regulates the ownership and use of a building divided into several units. This type of deed sets out the rules and regulations for the ownership and use of different spaces in a building, such as flats, offices, or other types of units.
The horizontal division deed includes important details about the ownership of each unit, such as its size, location, permitted use and maintenance responsibilities. It also establishes rules and regulations for the common use of common areas, such as lifts, car parks, gardens, and courtyards.
In addition, the horizontal division deed also defines the rights and obligations of the unit owners regarding the common property and the use of the common areas. This includes the responsibilities to pay maintenance fees and to repair any damage caused to the common areas.
The horizontal division deed is important because it provides a clear and stable framework for the ownership and use of a building and its units. It also helps prevent conflicts between unit owners and ensures that everyone understands their rights and responsibilities.
In addition to setting out the rules and regulations for the ownership and use of a building, the deed of partition is also an important document for the management and maintenance of the building. This deed provides detailed information on how common areas are to be managed and how important decisions are to be made regarding building maintenance and improvements.
A partition deed may also include information on how repairs and improvements are to be made to the building. For example, it may set out the unit owners' responsibilities for necessary repairs and improvements to their unit, as well as the unit owners' responsibilities for necessary repairs and improvements to the common areas.
It is important to note that the deed of partition is a legally binding document and should be reviewed by a lawyer before signing. Once signed, this deed is valid and can be used as evidence in court in case of disputes related to the ownership or use of the building.
In addition, it is important to note that the deed of partition can be modified in the future if necessary. For example, changes may need to be made if there are changes in local regulations or if there is a need to make improvements to the building. In conclusion, the horizontal division deed is an important document for the ownership and use of a building divided into several units. It sets out the rules and regulations for the ownership and use of the units and common areas and defines the rights and responsibilities of the unit owners. It also provides important information for the management and maintenance of the building. It is important to review this document carefully before signing to ensure that all parties understand their rights and responsibilities.
