Fordelingstal (distribution ratio)
In a Danish ejerlejlighed the fordelingstal is the fraction that sets each apartment's share of the owners' association's common expenses, assets, debt, voting weight and liability. It usually tracks floor area or original value.
In a Danish ejerlejlighed the fordelingstal is the fraction that sets each apartment’s share of the owners’ association’s common expenses, assets, debt, voting weight and liability. It usually tracks floor area or original value.
Common expenses for the land, insurance, administration and upkeep are split between owners by fordelingstal. A larger flat pays proportionally more.
Liability is personal, pro rata and subsidiary. Pro rata means your share of the debt is limited to your fordelingstal, and subsidiary means a creditor must first seek payment from the association’s common funds before pursuing you personally.
As a buyer you therefore do not inherit the whole of the association’s debt, only your fordelingstal share of it.
The fordelingstal appears in the condominium register and can only be changed under the rules in the bylaws, often by a qualified majority.
Related terms
Related searches: what is fordelingstal in a danish condo · fordelingstal common expenses calculation · owners association liability pro rata denmark · change fordelingstal owners association
Heimer does this for you
Paste a listing and get the monthly cost, the risks to check, and what to check. In 30 seconds.
Analyse a home See a finished analysis