How to privatize a basement under an apartment

How to privatize a basement under an apartment

Privatization of a basement under an apartment is a complex procedure that requires certain actions and compliance with legal regulations. Below are the main steps that will help you privatize a basement.

The main steps for privatizing/registering a basement under an apartment:

1. Finding out the legal status of the basement

• Checking the documentation. First, it is necessary to determine whether the basement is the common property of the building’s residents or whether it can be privatized. To do this, contact the building management body (condominium or management company) and check the technical documentation for the building.
• If the basement is part of the common property, you must obtain permission from the co-owners (other residents of the building) to privatize it.

2. Obtaining the consent of the building’s co-owners

• If the basement is part of the common property of the building, you need to hold a meeting of co-owners (residents) and obtain the consent of the majority to allocate this space for privatization.
• Draw up the minutes of the meeting, which will record the decision to agree to the transfer of the basement to the property.

3. Preparation of technical documentation

• Technical inventory. It is necessary to order a technical inventory of the basement from the BTI (Bureau of Technical Inventory) or from private companies licensed to conduct technical surveys. This stage involves examining the basement and drawing up a technical passport for the premises.
• The technical passport will be the main document required for registration of ownership.

4. Registration of ownership rights

• Collection of documents. You need to collect the following documents:
  
  • A copy of the document confirming the ownership of the apartment.
  • Technical passport for the basement.
  • Minutes of the general meeting of co-owners (if there is joint ownership).
  • Application for privatization of the basement.
• Submit these documents to the Center for the Provision of Administrative Services (CPAS) or to the state registrar to register the ownership of the basement.

5. Registration of ownership

• After submitting all the documents to the relevant authorities, your right to own the basement will be registered in the State Register of Real Property Rights. After that, you will receive a certificate of ownership of the basement.

6. Execution of the sale and purchase agreement (if necessary)

• If you purchased the basement from the owner or developer, you will need to execute a purchase and sale agreement and register it with a notary or state registrar.

Additional points on the design of the basement:

• Litigation. If the co-owners refuse to agree to privatization or other legal issues arise, you can go to court to resolve the dispute.
• Legal advice. It is recommended that you contact a lawyer specializing in real estate issues to ensure that all documents are properly executed and risks are minimized.

Required documents:

1. Documents confirming the ownership of the apartment.
2. Technical passport for the basement.
3. Minutes of the general meeting of co-owners (if necessary).
4. Application for privatization of the basement.
5. Copies of the applicant’s passport and identification code.

Contact GlobalBud Ukraine

Basement privatization is a lengthy process that depends on the state of the documentation for the house and the consent of the co-owners, so it is important to prepare carefully and comply with all legal requirements. Contact the specialists of GlobalBud Ukraine.