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the building requires the relevant percentage to be fulfilled.

The abovementioned article also stipulates that the consent of the

owners shall not be required for the renovation project if the damage in

question may affect other parts of the building, if it is necessary that

the building be fixed as soon as possible, or where the necessity of

reinforcement is handed down by court order. As the renovation of a

building declared risky is of an urgent nature, it may be stated that pri-

ority is given to renovation in order to prevent the risk that the build-

ing poses to its surroundings. However, at least one of the owners

should prove that the reinforcement is technically possible, in order for

this option to be applied. Unless one of the owners proves that the ren-

ovation of the building is possible, the building shall be demolished in

the period stated in the relevant provision. Therefore, demolition is still

deemed as the main solution; however, it is possible for the owners to

adopt a decision in favor of reinforcement if they prefer this option to

be applied. Said amendment in the Regulation is more adequate in

terms of protecting the property rights of the condominium owners. It

not only prevents the unnecessary expense of demolishing and rebuild-

ing a building, which can be reinforced, but also provides the owners

with an alternative to demolition.

Conclusion

As is seen, the initial version of the Regulation sets forth a strict

regulation for the condominium owner and legitimizes nothing but

demolition, following the finalization of the report determining the

building as a risky building. Considering that the decisions on the

future use of the land are taken by two-thirds vote, it is inevitable for

disputes to arise between the owners who are within the majority, and

the other owners who do not take part in the decision for demolition.

However, the new regulation may somewhat prevent conflicts arising

from the demolition of the condominium; since the condominium own-

ers against demolishment may determine that the reinforcement of the

building is possible. By presenting an alternative project, they may

enable a renovation decision to be adopted. It is probable that this legal

development will prevent a considerable amount of lawsuits. On the

other hand, it should be emphasized that the jurisprudence will be

determinative in this matter.

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NEWSLETTER 2014