Korteriomanikul

Korteriomanikul refers to the owner of an apartment within a multi-unit dwelling. This ownership implies a right to occupy and use a specific unit, typically along with shared ownership of common areas such as hallways, stairwells, elevators, and exterior structures. In many jurisdictions, apartment ownership is regulated by condominium laws or similar housing associations.

These laws often establish a framework for the management and maintenance of the building. A homeowners' association or a condominium board, composed of elected korteriomanikulud, is usually responsible for administering the property. This includes collecting maintenance fees or dues from each apartment owner, which fund repairs, upkeep of common areas, and sometimes shared utilities.

The rights and responsibilities of a korteriomanikul are typically outlined in a set of governing documents, which may include bylaws, declarations, and rules and regulations. These documents dictate aspects like modifications allowed within individual units, the use of common spaces, and the procedure for resolving disputes among owners. A korteriomanikul generally has the right to sell, rent, or otherwise transfer ownership of their apartment, subject to any restrictions imposed by the governing documents or local law. The concept emphasizes individual ownership of a unit coupled with shared responsibility for the overall property.