korteriühistuseadus

The Korteriühistuseadus, or Apartment Association Act, is a fundamental piece of Estonian legislation governing the creation, operation, and dissolution of apartment associations. These associations are legal entities formed by the owners of apartments within a building or complex to collectively manage and maintain their shared property. The law outlines the rights and obligations of apartment owners, the management board, and the general meeting of apartment owners.

Key provisions of the Korteriühistuseadus include regulations on the establishment of an association, which typically requires a majority of apartment owners to agree. It details the responsibilities of the management board, such as organizing maintenance, collecting contributions, and representing the association. The law also defines the powers of the general meeting, including decision-making on important matters like budgets, major repairs, and amendments to the association's statutes. Furthermore, it addresses the financial aspects, including the collection and management of common funds and the process for handling arrears. The act aims to ensure the smooth and efficient functioning of apartment buildings, promoting cooperation among owners for the preservation and enhancement of their properties.