fbpx
#Accounting management #Working capital

Yes, a co-owner who sells their flat can recover their share of the working capital. At the time of the sale, the notary receives a series of documents from the building manager, including a document detailing the seller’s share of the working capital.

There are two ways for the seller to recover their share of the working capital:

  1. The building manager reimburses the seller for their share of the working capital. Then the buyer pays the same amount into the co-ownership account to cover their share of the working capital.
  2. The amount of the working capital due to the seller is added to the sale price of the flat. In this way, the seller recovers the amount he/she is owed and the buyer pays his/her share of the working capital, all in the purchase transaction.

shutterstock_1884581308-1