What is Owner's Statement?

The owner's declaration of a division of the property or a family house into residential and non-residential units can be simply defined as a legal act by which the owner of the building defines property either as residential or non-residential premises, including their accessories and equipment. The house will be divided into units that form residential co-ownership. The property can be sold, donated etc. Ownership of flat or non-residential building is linked to co-ownership of common areas of the house. The unit is considered to be a flat (non-residential space) + share in the common areas of the building.