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I have heard the term “declaration of the building owner” (in czech: prohlášení vlastníka budovy). What is that?
The declaration of a building owner (Section 1166 of the Civil Code) is a legal action of a property owner (usually of a building) that defines individual residential and non-residential units, their accessories and parts,...
What is the difference between individual and co-operative ownership?
In the case of co-operative ownership, the purchaser owns a share in a housing co-operative, which guarantees him a right to enter into a lease agreement for an apartment, i.e., the right to use a...
How are a mortgage and purchase of an apartment treated, from the point of view of common marital property? What is the procedure in the event of a divorce?
If a property is purchased during a marriage, it becomes a part of the spouses’ common property (“CP”) if the couple is married pursuant to the laws of the Czech Republic. That means that it...
How can i finance a property purchase with GARTAL? Is the loan collateralised in any way?
Through its time-tested partners, GARTAL offers you the possibility of arranging the most advantageous financing for your home. We will also take care of collecting all of the documents necessary and of all communication with...
Studios are categories of non-residential units that have all the attributes of an apartment – i.e., bathroom and toilet, kitchen corner, but for reasons of hygiene regulations (noise limits, level of lighting), they cannot receive an occupancy permit as apartments, only as non-residential premises – studios. A person cannot register his permanent residence there, but they can be rented. Nevertheless, such a lease agreement should be phrased as an agreement on the lease of a non-residential unit. If the buyer of a studio is a VAT payer and he uses the studio for economic activities, he can request a VAT refund, thereby obtaining back a fifth of the price of the property.
Accommodation units also qualify as non-residential premises that meet all requirements of habitation, but in certain cases, permanent residence can be registered in them.
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