Semi Detached.
#16
Forum Regular
Thread Starter
Joined: Jun 2018
Posts: 87
Re: Semi Detached.
#17
BE Forum Addict
Joined: Dec 2009
Posts: 2,767
Re: Semi Detached.
Very wise I would say. I typed into Google 'Shared loft space'. The first thing which came up was 'Building Regulations' (for UK) and it refers to poor fire safety and security between neighbours. I have no idea whether building regulations in Hungary would also stipulate this was mandatory. Hope your friends are not so disappointed after the excitement of probably finding the kind of house they were looking for.
#18
BE Forum Addict
Joined: Nov 2012
Posts: 2,095
Re: Semi Detached.
Very wise I would say. I typed into Google 'Shared loft space'. The first thing which came up was 'Building Regulations' (for UK) and it refers to poor fire safety and security between neighbours. I have no idea whether building regulations in Hungary would also stipulate this was mandatory. Hope your friends are not so disappointed after the excitement of probably finding the kind of house they were looking for.
There are several options available here to secure a joint ownership property depending upon the situation and ages of the owners.
It is also possible to have the joint ownership split out into 2 separate plots but this would be an additional expense but not much in the scheme of property purchase. If the property was split out the all the disadvantages of joint ownership disappear as do any advantages such as the pre- emption right to purchase of the neighbouring plot.
It would very much be up to the prospective purchaser to decide what they wane e.g.if they eventually want the whole property and the remaining brother is elderly then IMO staying in joint ownership would be better - or better still buy out the brother now but give him the right to stay. (I did this with a property next to our farm where 3/4 was repossessed and the remaining 1/4 owned by someone else. I bought 3/4 from the bailiff and 1/4 from the other owner to whom I gave the right to stay written into the contract).
#19
BE Enthusiast
Joined: May 2015
Location: Near the Black Forest and near Esztergom
Posts: 923
Re: Semi Detached.
And what about repairs, the roof maybe? If the other owner doesn't want them?
I often see that type of house where one half looks modernised, new windows, new paint - almost funny in a way.
I often see that type of house where one half looks modernised, new windows, new paint - almost funny in a way.