HORIZONTAL PROPERTY, MORE THAN A HOME
Cities are changing, and one of the main changes is that now most of us live or will live in what is known as horizontal property.
They are constructions that allow better use of the space, but also give owners the option of accessing shared services, which make the experience of living in a community more comfortable and pleasant.
According to Law 675 of 2001, which contains the characteristics of this type of property, when you buy, you will have the right to enjoy different assets.
– Private or private property:
They represent the house itself. It is the space that you can adapt and reform if you wish. Remember that although the property is yours, the co-ownership statutes limit its use, so you will not be able to adapt it as a commercial establishment.
– Common areas for exclusive use:
They are spaces that are part of your property but that have restrictions, they are conditioned by rules to maintain harmony both in architecture and in coexistence. In places such as parking lots, terraces or balconies, although only you can use them, you must do so within the provisions of the rules of co-ownership.
– Common goods:
It refers to the play areas, green areas, swimming pool, gym, corridors, stairs, elevators and all those places that are within the horizontal property and that can be used in a shared way by each of the residents of the building or complex.
– Essential commons:
They are spaces that are part of the horizontal property and are considered common goods, but have restricted access because only expert personnel can manipulate them; this is the case of the aqueduct, sewerage, electricity, garbage areas, land and main facades.
Keep in mind that if you buy a property subject to the horizontal property regime, respect and care for the common areas must prevail. Remember that maintenance is done with the money contributed by each of the owners through an administration fee.