Korteriomandi

Korteriomand is a form of real estate ownership used in Estonia to delineate ownership of individual dwelling units within multi-unit buildings. A korteriomand owner has exclusive title to a specific apartment and an undivided share of the building’s common property, such as stairwells, roofs, and yards. The underlying land is typically registered separately but may be affected by the unit’s rights; both the apartment and its share of common property are recorded in the land register.

Each unit’s ownership is defined by a separate korteriomandi-osa, usually proportional to the apartment’s size. The creation of korteriomand occurs when a building is partitioned into separately transferable units or when existing ownership is re-registered as unit-based ownership.

Management and costs: The common property is managed by an apartment owners’ association (korteriühistu) or a management company. Owners pay maintenance fees for the upkeep of shared parts and services and participate in decisions about the building via the association.

Rights and obligations: Owners may mortgage, sell, or lease their korteriomand independently. They must comply with house rules and contribute to shared repairs and improvements.

Legal framework: Korteriomand is regulated by the Estonian Civil Code and related real estate legislation. It is the standard form of ownership for urban apartment buildings in Estonia, providing a clear division between exclusive unit ownership and shared rights in common property.