The notary draws up agreements on the dissolution of co-ownership. This is one of the basic forms of dissolving co-ownership, alongside court proceedings. Its subject may be an apartment, a plot of land or various movables, such as a car. Any of the co-owners may express the wish to dissolve the co-ownership, and if they all agree on this matter (including on the manner of terminating the co-ownership), they can come to the Office to have a notarial deed drawn up.
Ways of dissolving co-ownership
There are several ways of terminating a co-ownership relationship, namely: division of the common property (so-called physical division), awarding the property to one of the co-owners (also with the possibility of paying off the remaining co-owners), and sale of the property and division of the proceeds of the sale.
What costs should be expected when dissolving co-ownership?
The amount of the notarial fee is regulated by the Decree of the Minister of Justice of 28 June 2004 on the rates of the notarial fee. The final amount of the notarial fee depends above all on the value of the subject of the agreement. The co-owners are also obliged to pay the court fee for the entry in the land and mortgage register or, in some cases, the tax on civil law transactions. The notary calculates the detailed costs on the basis of the information provided by the party — please contact us.