What are apartment rights?

An apartment right is a share in the ownership of an apartment building or a piece of land with the exclusive right to use a certain part (your private part). This private part is often the home, but it can also be an associated storage room or parking space, for which a separate apartment right has been created. An apartment right is created by dividing a building into smaller user spaces. Legally, this is called a division into apartment rights. Division into apartment rights takes place by means of a notarial deed of division.