On 1 September 2010, the law of 2 June 2010
amending the Civil Code in order to modernize the functioning of
co-ownership came into force, at least a major part of it. The
legislator has chosen to preserve the philosophy and basic
structure of the law of 30 June 1994, but wishes
to put an end to certain discussions that were raised and to solve
certain practical problems that had occurred.
The most striking innovation is the ability to create subgroups
of co-ownership, either with or without legal personality.
In addition, some principles of Corporate Governance are
introduced within the internal organization of the association of
co-owners, such as strengthening the position of the co-owners in
the relationship between the building manager and the co-owners,
making the management of the building manager more transparent, and
by subjecting the building manager to the supervision of the Board
of Co-ownership and an external auditor.
