Welcome to the Homeowners Association of
"E/F H V Nyholms Vej 13-19", 2000 Frederiksberg
We regret, that this site hasn't been translated into english language yet, but please feel free to ask any questions to the board of members from the menu "Kontakt Bestyrelsen" - page still in danish, but we guess it's doable to send us a message from that page..
Alternatively, contactinformation for the chairman or board of members can be found under the menu "Bestyrelsen".
Apartments (Danish ejerlejlighed, literally "owner-apartment") comprise some 5% of Danish homes. They are traded and mortgaged on the same markets as free-standing houses, and are treated legally much like other forms of real estate. Each owner-tenant directly owns his own apartment; the rest of the building and the ground on which it stands is owned jointly by the apartment owners who execute their joint ownership through an owner's association. The expenses of maintaining the joint property is shared pro rata among the owners.
Another 5% of Danish homes are in housing cooperatives (Danish andelsbolig), which occupy a legal position intermediate between condominiums and housing associations. The entire property is legally owned by a non-profit corporation in which the tenants own shares; each share carries the right and duty to lease an apartment from the cooperative. Shares can be bought and sold, but often the cooperative's rules strictly limit the price for which they may change hand. (In contrast, condominiums are traded on a free market). Because the official share prices are often lower than the market value and sellers often retain freedom to select whom to sell to, under-the-table payments are common.
Current public policy favors condominiums over housing cooperatives, and recent legislation have aimed at making the latter more condominium-like. For example, since 2005, cooperative shares may be used to secure bank loans. (However, Danish mortgage banks still may not mortgage individual housing cooperative apartments).