ARTICLE · 06 JUNE 2020

Changes In Real Estate Law From 1 July 2020

Schoenherr (Schönherr Rechtsanwälte)

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An amendment to the Civil Code will enter into force on 1 July 2020, which (i) cancels (save for some exceptions) the pre-emption right of co-owners of real estate, ...

Czech RepublicReal Estate and Construction

Viktor Pakosta

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An amendment to the Civil Code will enter into force on 1 July 2020, which (i) cancels (save for some exceptions) the pre-emption right of co-owners of real estate, (ii) lifts the ban on contractual penalties against tenants of residential premises, and (iii) significantly changes the legal regulation of unit owners associations.

Cancellation of pre-emption right

If a co-owner of a property currently wants to transfer his co-ownership share, it is obliged to offer its share for purchase to the other co-owners. This creates considerable difficulties, especially in the sale of garage parking spaces, which from a legal point of view are a co-ownership share in the garage as a non-residential unit. The same difficulties occur in the case of the sale of a co-ownership share in a land plot.

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Changes In Real Estate Law From 1 July 2020

Cancellation of pre-emption right

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