{"id":10304,"date":"2019-04-23T17:00:16","date_gmt":"2019-04-23T22:00:16","guid":{"rendered":"https:\/\/quadranslawandfinance.com\/?p=10304"},"modified":"2019-04-02T10:33:02","modified_gmt":"2019-04-02T15:33:02","slug":"what-is-a-condominium-property-regime","status":"publish","type":"post","link":"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/","title":{"rendered":"What is a condominium property regime?"},"content":{"rendered":"

What is a condominium property regime?<\/strong><\/span><\/h1>\n

A condominium is a property that be owned by one or more proprietors who possess exclusive areas but also share common spaces. Thus a condominium property regime must be created.\u00a0<\/span><\/p>\n

According to Article 4 of the Law of Real Property in the Condominium of the State of Quintana Roo, \u2018\u2019the constitution of the condominium property regime is the formal legal act whereby the owner of a property [formalize] before a Notary Public declaring their intention to implement this type of property to its best use.\u2019\u2019\u00a0<\/span><\/p>\n

Reasons to constitute the condominium property regime<\/strong>:\u00a0<\/span><\/h2>\n
    \n
  • A condominium belongs to numerous proprietors.<\/span><\/li>\n
  • When dividing the condominium into different areas, some elements in common are conserved.<\/span><\/li>\n
  • By testamentary disposition.<\/span><\/li>\n<\/ul>\n

    To carry out the establishment of the condominium property regime, the owner or owners must resort to the competent municipal authority and elaborate a public deed. Based on Article 9 of the aforementioned law, the following documents should be presented:\u00a0<\/span><\/p>\n

      \n
    1. Planning permission issued by the competent municipal authority.<\/span><\/li>\n
    2. Location, dimensions, measurements, boundaries, and adjoinings of the property, which will be subjected to the regime.<\/span><\/li>\n
    3. General description of the constructions and the quality of the materials used or to be used.<\/span><\/li>\n
    4. Description of each unit of exclusive property, including the number, location, adjoinings, measurements, areas, and spaces for parking, in case there are some.<\/span><\/li>\n
    5. Establishment of zones, installations, or adaptations to comply with the norms that facilitate the use of the property to disabled individuals.<\/span><\/li>\n
    6. Nominal value assigned to each unit and its proportional part (undivided interest) in relation to the total nominal value of the property.<\/span><\/li>\n
    7. Characteristics of the condominium, according to its structure and use, as well as the aim of each of the exclusive property units.<\/span><\/li>\n
    8. Description of the common property assets, aim, specifications, location, measurements, components, and all information that allow an easy identification.<\/span><\/li>\n
    9. Cases and conditions under which the charter of the regime and regulation can be modified.<\/span><\/li>\n
    10. Record of project completion issued by the competent municipal authority in response to the quality of the construction, having a 2-year validity from the day the condominium is handed over.\u00a0<\/span><\/li>\n
    11. Appointment of an administrator, and its remunerations, faculties, and powers.<\/span><\/li>\n
    12. Obligation of condominiums to guarantee the payment of the corresponding fees to the administration and maintenance funds, as well as the reserve fund. \u00a0<\/span><\/li>\n<\/ol>\n

      In \u200bQuAdrans law and finance <\/strong>we aid you during the licencing process for the condominium property regime and use of land, whether it is for commercial, touristic, or residential purposes.\u00a0<\/span><\/p>\n

      Legal and Accounting Consulting in Playa del Carmen<\/strong><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"

      What is a condominium property regime? A condominium is a property that be owned by one or more proprietors who possess exclusive areas but also share common spaces. Thus a condominium property regime must be created.\u00a0 According to Article 4 of the Law of Real Property in the Condominium of the State of Quintana Roo, […]<\/p>\n","protected":false},"author":4,"featured_media":10300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-10304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"yoast_head":"\nWhat is a condominium property regime? - QuAdrans law and finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What is a condominium property regime? - QuAdrans law and finance\" \/>\n<meta name=\"twitter:description\" content=\"What is a condominium property regime? A condominium is a property that be owned by one or more proprietors who possess exclusive areas but also share common spaces. Thus a condominium property regime must be created.\u00a0 According to Article 4 of the Law of Real Property in the Condominium of the State of Quintana Roo, […]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/quadranslawandfinance.com\/wp-content\/uploads\/2019\/04\/regimen-en-condominio.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@QuAdrans_\" \/>\n<meta name=\"twitter:site\" content=\"@QuAdrans_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Redacci\u00f3n QuAdrans\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/\"},\"author\":{\"name\":\"Redacci\u00f3n QuAdrans\",\"@id\":\"https:\/\/quadranslawandfinance.com\/#\/schema\/person\/1e795a3d0e6c3e3c5d0ba2f035562767\"},\"headline\":\"What is a condominium property regime?\",\"datePublished\":\"2019-04-23T22:00:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/\"},\"wordCount\":427,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/quadranslawandfinance.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/quadranslawandfinance.com\/wp-content\/uploads\/2019\/04\/regimen-en-condominio.jpg\",\"articleSection\":[\"Real estate and properties\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/\",\"url\":\"https:\/\/quadranslawandfinance.com\/en\/blog\/what-is-a-condominium-property-regime\/\",\"name\":\"What is a condominium property regime? 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