About The Reporting Assignment And Deregistration
III- Reporting Assignment And Deregistration:
Article 48 – In the event of the destruction of the whole or part of the main real estate or the main structure, the situation shall be immediately notified by the administrator to the land registry office of the place where that real estate is located and to all condominium owners; if there is no administrator, the land registry office shall be notified by the condominium owner whose independent section is destroyed; the condominium owner whose independent section is destroyed shall be jointly and severally liable for all the damages arising from the failure to notify this, and the administrator shall be jointly and severally liable for one-fifth of the damages, and the Treasury shall not be liable.
When the condominium ownership is terminated, the pages in the condominium registry are closed and the registration of the real estate is registered in the general registry according to the principles of common ownership in proportion to the land shares, by showing the parts that remain intact from the main structure and providing a connection with the general registry record before the condominium registry is established. In this case, the provisions of co-ownership shall also apply to insurance costs and debris.
If the owner or co-owners wish to construct a new building on the land of the main building, which has been completely destroyed, on the basis of condominium ownership, the provisions regarding the establishment of condominium easement and condominium ownership shall apply.