What is the purpose of tantièmes?
In a condominium, a home must have a private area and a share of the common areas (belonging to each co-owner), which is expressed in tantièmes. These are used to determine each co-owner's share at the General Meeting. The higher a co-owner's tantièmes, the greater his or her influence on decisions. Percentage shares are also used to apportion the payment of various charges between co-owners, relating to the common parts of buildings (corridors, lifts, etc.). The lower the percentage, the lower the co-ownership charges.,
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