Selling apartments in apartment house

[Ivana]

Hallo,
does anybody know where I can find information on how it works if investor builds apartment house (6 - 8 apartments), and want to sell them to different owners. Question is about if the owners have to set up some co-op of the owners? Do they have to have some sommon fond or anything?
Ivana

[Peter Ellis]

It is not essential to form a co-op. The usual arrangement is that the local commune will hold an individual account for each apartment building, into which each apartment will contribute for any maintenance of common parts.
Given that individual owners are often from different countries, not necessarily permanently around and speak different languages, establishment of any management committee is usually impractical, although we do have one for our own Zagreb apartment, which works. Even then, one of the owners is in the US and not always contactable. Much depends on whether there are any obvious organisers available. One block we are selling in Novigrad has a retired judge living permanently there, as well as a retired multilingual former travel industry lady, thus offering an obvious chairman and secretary who are able to get things done readily.