How does a lot-based homeowners' association work?
A lot-based condominium is a type of horizontal condominium you need to know about! Tettu explains it to you!
Lot Condominium: What It Is and How It Differs from a Gated Community
Many people refer to any “gated community” as a subdivision, but they are different things under the law—and that difference determines who owns the streets and internal areas.
The main difference
- Gated community (standard): The roads and common areas belong to the municipality, even if access is controlled.
- Subdivision: The roads and common areas are privately owned by the homeowners themselves, who pay for and maintain them.
What does this change in practice?
Greater freedom in internal organization, greater security, and the developer must compensate the municipality with improvements outside the condominium (such as public squares), since it does not cede any land to the municipality.
How it becomes valid
A subdivision is formally established upon registration of the real estate development with the notary's office—the same principle applies to apartment buildings, except that each lot is considered an "autonomous unit."
Tettu built the first subdivision in Volta Redonda
Want to know how it works in practice or how to set up your own? Talk to us.