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What Is A Land Share?

A land share is a

ratio under the condominium law that indicates how the land of a building is divided among independent sections. The share of the land is determined by factors such as the size, location, quality and value of the independent section. The share of land also affects the rights and responsibilities of independent section owners in common areas. For example, the owner of an independent section with a high share of land has to contribute more to the common expenses. The share of the land is included in the land registry in the section indicating the type, number and surface area of the independent section.

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