Share on LinkedInShare on LinkedIn

ARTICLE · 26 DECEMBER 2024

Co-Ownership In Monaco - How To Facilitate Decision-Making At General Meetings?

CMS Pasquier Ciulla Marquet Pastor & Svara
Explore more from CMS Pasquier Ciulla Marquet Pastor & Svara

The density of urban development in Monaco makes co-ownership almost unavoidable, with all the advantages but also the disadvantages that this entails for its occupants, particularly when they wish to carry out work in their private areas.

MonacoReal Estate and Construction

The density of urban development in Monaco makes co-ownership almost unavoidable, with all the advantages but also the disadvantages that this entails for its occupants, particularly when they wish to carry out work in their private areas.

Some co-owners are surprised to see their plans to build a pergola or install a jacuzzi on the terrace or the roof of their property, or to change the layout of the internal partitions in their flat, rejected without fully understanding how these works are likely to affect the co-ownership.

Since 2022, legislative changes have made it easier to vote on projects at general meetings, but co-owners wishing to carry out works still need to take precautions as soon as the project is presented at the general meeting. At this stage, the assistance of an advisor will enable them to ensure that their project is adopted, and in any event to take appropriate action in the event of a negative vote.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from