Divide commercial real estate into separate properties

Joint investment in commercial real estate, the implementation of various business models, which are aimed at diversifying one's own risks and further sharing them with partners, very often leads to situations when the owners of one real estate object want to divide it into separate properties. For example, today the practice of investing in the construction of logistics, trade and other commercial areas is very common. The specifics of the legal relationship that develops in this situation is as follows: each owner owns his own separate part in one object, while they are interested in the joint ownership and maintenance of all communications, networks and common areas. If you need to divide commercial real estate into separate properties, lawyers Prykhodko and Partners will help you with this.

How is the division of commercial real estate into separate property?

To begin with, let's remember what commercial real estate is. Commercial real estate is real estate that can generate income in terms of goods or money. The category "commercial real estate" includes: industrial and commercial premises, restaurants, cafes, entertainment complexes, hotels, etc.

For the division of commercial real estate into several separate premises, the consent of all real estate owners must be obtained. Important: if any disputes arise during the separation process, they can only be resolved in court.

Registration of commercial real estate into separate objects requires the existence of a real physical possibility of division. That is, the room must have an isolated entrance and exit. In addition, the subdivision of commercial real estate must comply with applicable building codes. It is possible only in relation to objects that are not the subject of legal proceedings, are not under arrest or bail.

Among the documents required for the division of commercial real estate:

1. Owner's passport and TIN.
2. Construction project (if additional reconstruction is planned).
3. Technical passport for the premises (if available).
4. A document confirming ownership of non-residential premises.

Each of the premises as a result of division will have its own technical passport indicating the characteristics of the object.

Assistance of lawyers in the section of commercial real estate

If you need help in dividing commercial real estate into separate property, Prykhodko and Partners lawyers will help you with this.

Among our advantages:

• Consulting in 24/7 mode.
• Cooperation with us is clearly regulated by the contract.
• Completion of all necessary documents "on a turnkey basis".

The following factors affect the cost of dividing commercial real estate into separate properties:

• Location of commercial real estate.
• Compliance with all building rules and regulations.
• Availability of the entire package of documents.

Do you still have questions? We are waiting for a preliminary consultation! To calculate the cost of a lawyer's services for the division of commercial real estate into separate property, fill out the form below.