Understanding your co-ownership
Understanding how your co-ownership works, its accounts and its documents.
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Syndic or the co-owners' association: what is the difference?
The association is the body formed by all co-owners; the syndic is its manager. Who decides what, and what the works council is for.
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What exactly does a syndic do?
Statutory duties, separate accounts, records, an account in the association's name, emergency powers: what the syndic must provide.
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Is a syndic compulsory in Luxembourg, and must it be a professional?
A co-ownership must have a syndic, but not necessarily a professional one. Length of the mandate, majority for appointment and the nine-unit threshold.
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The co-ownership regulations: what they organise and where to find them
The co-ownership regulations organise the lots, the common parts, their use and certain distributions of charges. They must be read together with the descriptive table of division and its amending deeds.
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Common and private parts: how do you know what belongs to whom?
The items presumed common by Luxembourg law, including pipes running through a flat. And what the co-ownership rules say.
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Co-ownership shares and distribution keys: why do you not pay the same as your neighbour?
Thousandths express a share in the co-ownership, but not every expense necessarily follows the same key. To understand a statement of account, each expense must be linked to the rule that applies to it.
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Why do you receive calls for funds?
A call for funds is not an invoice, but your share of the budget voted at the meeting, called in advance: here is where the amount comes from and why the co-ownership asks you to pay before it knows its expenses.
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Calls for funds, provisions and balance: understanding your situation
Call for funds, provision, payment, balance, adjustment: these amounts on a co-ownership statement do not mean the same thing. Here is how to read your situation, from the first call to the annual statement.
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Understanding your co-ownership service charge statement
How to read a service charge statement: what the property manager groups in it, how the allocation is calculated, what stays out of it, and when to ask your questions.
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Co-ownership budget: where do the amounts voted at the general meeting come from?
Who prepares it, who votes it, and what ceilings govern calls for funds. Advances, special advances and the compulsory works fund.
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Rented unit: which charges remain the owner's responsibility?
A rented unit receives the co-ownership's calls for funds, but not everything is recoverable from the tenant. Here is what remains the owner's responsibility and how to draw up the rental charges statement.
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How much does a co-ownership syndic cost in Luxembourg?
No statutory scale of fees in Luxembourg. What the law does frame when comparing offers: who votes the remuneration and where the funds go.
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