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2+1 Apartment Prague 3

20/02/2022

Řipská 24 Prague 3 Vinohrady

Price CZK 7.790.000

We present you the sale of an apartment with a layout of 2 +1, 75m2 in the most popular Prague district of Vinohrady, on the corner of nám. George of Poděbrady.

The apartment is located on the 4th floor of a brick house without an elevator. The apartment underwent a total costly reconstruction in 2018, new are water and waste distribution, new is electricity, plastic windows, wooden floors. The apartment has a new kitchen with built-in appliances, two bathrooms with toilet. In one of the bathrooms there is a shower, in the other bathroom there is a corner bath with a whirlpool. There are two separate bedrooms, each of 20m2 with built-in wardrobes, the apartment also has a dressing room and a separate storage room on the floor. The apartment has sockets with Ethernet network in each room including the kitchen. Vodafone Wired Internet (exUPC) enables speeds of up to 500 Mbps.

According to the statutes of the cooperative, a new member can be both a natural person and a legal entity

The annuity is repaid, the cost of housing, including average electricity and gas consumption, comes to CZK 3800 per month.

The apartment is located in an apartment building co-owned by natural persons, it is managed by the Žižkov Housing Cooperative and its legal status is defined by the easement of use in favor of the housing cooperative. More information about the cooperative apartment with the right of use registered by the easement on the LV house can be found below.

The location in the immediate vicinity of Jiřího z Poděbrad Square offers housing in one of Prague's most popular residential areas.

Financing the apartment in the form of a mortgage is possible on the basis of collateral by another property.

Legal interpretation of Cooperative  registered by easement of use

Transformation of housing cooperatives

A cooperative apartment does not always belong to a cooperative - ADOL Monitor - auctions, execution, insolvency, advertising

Before 1989, the housing stock grew by apartments that were built as lofts and extensions in apartment buildings. This construction was often carried out by housing cooperatives with the financial and credit support of the state and banks. Unfortunately, housing cooperatives, after the emergence of new units, also became co-owners of buildings and land under the buildings. Thanks to changing legislation, in 1992 it was decided to transform housing cooperatives - see. Act No. 42/1992 Coll.

Units that have been historically built in this way have different owners in the Cadastre of Real Estate and the cooperative on these units has been created by law so-called easement. The apartments are therefore used by the cooperative and the costs associated with this are paid to the owners of the property. It also participates in the repair of the property, but this may already vary according to the agreement of the cooperative with the owners. Cooperative flats are then inhabited by cooperatives with a lease agreement and pay the classic rent to the cooperative.

Interesting, isn't it? If you want to verify such an apartment at the Cadastre, you will find out that the owner of the apartment is not a cooperative, but according to the entry in part "C" you will verify that it is the situation just mentioned.

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The difference between the "classic" membership in a cooperative with membership in a cooperative where an easement is established is that in the second type of membership the security of a member of the cooperative is strengthened by law, that the right to use the cooperative apartment will not be lost either in the event of the termination of the cooperative or in the event of termination of membership in the cooperative. See Section 27(3) of Act No. 72/1994 Coll. - on the ownership of flats: "An easement arising under special regulations expires upon the acquisition of ownership of the apartment, or is limited to the extent corresponding to the transferred apartment. In the event of the dissolution of the cooperative without a legal successor, an easement arises on the date of termination of the cooperative in favor of the existing tenant of the apartment acquired pursuant to paragraph 1. This easement passes to the same extent to its legal successor. A similar easement to the same extent and with the right to transfer to each subsequent legal successor arises in favor of the tenant of the apartment in the event of termination of his membership in the cooperative. The content of the easement is 2 the right to use the apartment and common areas, to the same extent as was agreed between the tenant and the cooperative. The provisions of the Civil Code on the lease of cooperative flats shall apply mutatis mutandis to the use. The provisions of § 151n para. 3 of the Civil Code shall apply mutatis mutandis. The provisions of § 23 shall apply mutatis mutandis.

By transferring the apartment, you will become a member of the cooperative with all the rights and obligations arising from the statutes of the cooperative.

On the use of the apartment this form has no effect. You negotiate and decide on an apartment in exactly the same way as members of a cooperative of housing units in classic housing cooperatives. You can sell, rent, reconstruct the apartment, transfer your membership, donate it, or it can be inherited.

However, be aware that a transfer to personal ownership of this apartment is unlikely. It is technically possible, but practically very unlikely.

The disadvantage is that the market price for the transfer of an apartment in a cooperative registered on the sheet of ownership of the house by easement is even lower compared to cooperative apartments. 

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