Art. 712fSCC from 2023
Art. 712f III. Extinction
1 Condominium is extinguished on the loss of the property or the building right and its deletion from the land register.
2 Such deletion may be requested in accordance with a termination agreement or by a single condominium owner holding all the shares, but it requires the consent of all persons with rights in rem to the individual units which cannot be transferred to the property as a whole without detriment.
3 Any condominium owner may request termination of the condominium where:1. more than half the value of the building has been destroyed and reconstruction would impose an onerous burden on him; or2. the building has been divided into condominium units for more than 50 years and can no longer be used in accordance with the regulations due to its poor structural condition. (1)
4 Condominium owners wishing to maintain the condominium may prevent such termination by buying out the others. (2)
(1) Amended by No I 1 of the FA of 11 Dec. 2009 (Register Mortgage Certificates and other amendments to Property Law), in force since 1 Jan. 2012 ([AS 2011 4637]; [BBl 2007 5283]). (2) Inserted by No I 1 of the FA of 11 Dec. 2009 (Register Mortgage Certificates and other amendments to Property Law), in force since 1 Jan. 2012 ([AS 2011 4637]; [BBl 2007 5283]).
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