The horizontal property division process consists of subdividing a property into private units, creating separate and independent registered properties that act as co-owners with a proportional ownership coefficient of the whole.
To carry out this procedure, it is necessary to use the services of a notary, who prepares the deed of horizontal division. This document must then be registered with both the Property Registry and the General Directorate of the Cadastre, which is the administrative system responsible for recording and managing all real estate within a specific territory.
Requirements to Carry Out a Horizontal Division
- Obtain administrative authorization to carry out the process.
- Submit a request to the homeowners’ association meeting.
- Receive approval from more than half of the total property owners.
- Obtain the consent of the affected parties.
Procedures Involved in a Horizontal Division
- Drafting the Deed of Horizontal Division through a notary.
- Registration in the Property Registry.
- Payment of the Stamp Duty (Impuesto sobre Actos Jurídicos Documentados – AJD).
- Preparation of a technical certificate for the building.