When buying an apartment, most people focus on square meters, floor and view, but the land share written on the title deed is often overlooked. Yet the land share is one of the most important factors affecting your property's real value and your future rights. This article explains what a land share is, how it is calculated and how it relates to condominium ownership.
What Is a Land Share?
A land share is the portion of the common plot that each independent unit (apartment or shop) in a building holds. When condominium ownership is established, each unit is allocated a specific ratio of the plot. Your apartment is therefore both an independent unit and ownership of a part of the land. On your deed this appears as a fraction such as "120/2400".
How Is It Calculated?
By law, the land share must be proportional to the value of each unit. The calculation considers gross area, floor, façade, view and location. A large upper-floor apartment with a view will have a higher land share than a small ground-floor unit. These ratios are set during the project phase and registered on the deed.
Relationship with Condominium Ownership
Condominium ownership cannot exist without a land share. Each unit is registered together with its land share. While condominium ownership makes you the sole owner of an apartment, the land share also makes you a co-owner of the plot beneath the building. The two are inseparable; when you sell, the land share passes automatically to the buyer.
Why It Is Critical in Urban Transformation
The land share matters most during urban transformation or demolition. Once a building is demolished, all you hold is your land share. The size of your new apartment and the split with the contractor are largely determined by it. A low land share may yield fewer rights than expected. So checking whether the share is fairly distributed is essential when buying.
What to Watch When Buying
Always review the land share ratio on the deed before purchase, and compare it with similar units in the same building. If it seems disproportionately low for your unit's size and location, question it and seek support from a surveyor or expert advisor.
For accurate guidance on land share, deeds and real estate, Armet Emlak & Harita is here: (0242) 417 72 72 · armetinsaatemlakharita.com