Anniņmuižas bulvāris 41/43
Dividing the Common Property
Dividing the common property is a process in which the current common property — the land and the building, jointly owned by all apartment owners in undivided shares — is legally split into separate, standalone apartment properties. Once divided, each apartment, together with its corresponding share of the land, becomes a fully independent property unit.
In practice, this means a simpler and faster sale, inheritance, mortgage, or other legal transaction involving the apartment in the future, since the subject of the transaction is clearly and separately defined, rather than being part of a larger common property.
The Society's Role in This Process
The Society considers it its duty to inform co-owners about this option. However, it must be stated clearly: the Society is not involved in the process of dividing the common property, does not organize it, does not manage it, and does not fund it.
Dividing the common property is a distinctly individual legal process, independent of the Society's activities. It takes place directly between the individual apartment owner, the manager, SIA "Selectum Home", and a law firm chosen and hired independently by the owner. The owner must review all the terms, costs, and timelines of the process independently before deciding whether to take part.
How to Apply
Anyone who wants to take part in dividing the common property, and who has not previously sent an application for this process, may send their application to ab4143dalisana@selectumhome.lv
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