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Home»Law and Cases»Legislation»Decree No. 100 of the Cabinet of Ministers validating Model statute of condominium.
Decree No. 100 of the Cabinet of Ministers validating Model statute of condominium.
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This Decree establishes that condominium shall be considered non-governmental entity, non-commercial organization having the status of legal person. The purpose of condominium shall be maintenance, management and conservation of housing facilities and plot of urban land provided with amenities. The aforesaid plot of land shall be allotted to condominium on term of common (shared) property. Condominium shall be granted the right to determine types and modalities of land tenure.
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Decree No. 100 of the Cabinet of Ministers validating Model statute of condominium.