Château de Saint Theodorit

The South of France

Copropriété

The Château comprises 7 residences/properties  for private use, with a number of luxurious facilities. The owners of the properties are also participants in the ‘copropriété’. This entails the co-ownership of grounds, premises and facilities. This copropriété is very similar to co-ownership in any joint ownership of apartment buildings or housing resorts all over the world.

The copropriété has been formally founded before our notary. On request the articles of association are free for consultation.

We would like to highlight a number of specific conditions:

The residences are intended for permanent habitation, but temporary habitation, as second home, is permitted as well. However, the letting out on a commercial basis is not allowed. The owners are responsible for maintaining the eminent cachet of the Château, regarding their residences and their gardens. Moreover, the owners are expected to feel partner in the domain, respect each other’s privacy and to be willing to be of help, if necessary.

A number of common facilities will stimulate the owners to maintain mutual contacts with regard to cultural, social, and sports events ( Salle de Garde, swimming pool, petanque court).

The copropriété offers caretaker services for the maintenance of the communal facilities. The owners can also buy (at their own cost) other services from this caretaker, such as small repairs, gardening, plant care, key control, firewood supply etc.

Copropriété:

The Copropriété ‘Le Château de Saint Théodorit’ was founded in 2008. The present and future inhabitants are automatically shareholders of the copropriété, each for their cadastral share.

The structure of a copropriété (or co-ownership) is equal for most European countries. The ‘private property’ of the residence coincides with the ‘common property’ of the complex. The property division deed is based on a formal surveyor’s report with cadastral numeration (lots).

The future shareholders are free to change the statute of the copropriété and other regulations, as long as they follow the decision-making process, laid down in the statute.

The texts of the property division deed and the statutes are available for seriously interested parties. The same applies to the surveyor’s report.

The copropriété is structured as follows: the general meeting is the highest authority. The general meeting appoints an executive committee of three members, who choose a president from their ranks. The general meeting also appoints a ‘Syndic’ (general manager), the representative of the copropriété who performs all executory and coordinating tasks of the copropriété.

The tasks and responsibilities of the Syndic are specified in the statute. Large copropriétés often outsource these tasks to a professional agency. In this small-scale project one of the shareholders has taken on the role of Syndic.