Condominium ownership
Condominium ownership is a property divided into shares under Article 712a of the Civil Code; what is managed is not a rental object but a community with value shares, an assembly, resolutions and common costs.
Definition
The value share is the allocation key for costs and votes. The exclusive right — the apartment itself — must be kept apart from the common part, and the two have different cost consequences. Mixing them allocates costs wrongly and forces the statement to be redone.
The owners’ assembly with minutes is the community’s organ: decisions on renovations, budget and the fund arise there and are binding. For the manager the minutes are therefore a document with legal consequences, not a note.
The wording
Condominium ownership is a co-ownership share in a property that gives the co-owner the exclusive right to use and fit out designated parts of a building internally.
Where to read it
What the software must be able to do
The community must be kept as its own unit with its own accounts — not as a customer group. Check: value shares as the allocation key, separation of exclusive and common parts, the assembly with minutes of resolutions, and the renovation fund as separate assets.
Checked Aug 2026
More terms under Property and tenancy: Renovation fund Service-charge statements Swiss tenancy law