korteriomanikke

A korteriomanik, or apartment owner, refers to an individual or entity that holds legal title to a unit within a multi-unit residential building. This ownership typically grants the korteriomanik exclusive rights to their specific apartment, including the interior spaces, and often a share in the common areas of the building. Common areas can include hallways, stairwells, elevators, the building's foundation, roof, and land on which the building is situated.

In many jurisdictions, korteriomanikud are part of an apartment association or homeowners' association. This collective body is responsible for the management, maintenance, and repair of the common areas. Owners usually contribute to the association through regular fees, often referred to as common charges or maintenance fees, which cover expenses like building insurance, cleaning, landscaping, and any necessary repairs. Decisions regarding the building's upkeep and management are typically made collectively by the korteriomanikud, often through voting at meetings.

The rights and responsibilities of a korteriomanik are usually defined by a set of legal documents, including the apartment ownership act, the building's bylaws or declaration, and any rules and regulations established by the apartment association. These documents outline aspects such as permissible alterations to individual units, rules for using common areas, and procedures for resolving disputes. Owning an apartment as a korteriomanik signifies a form of property ownership distinct from renting, as it involves both the rights and obligations of property stewardship.