Before I ask my question I wanted to say that I searched for this topic before on this forum and in google and couldn't find the answer. However, if this topic was already mentioned, I am sorry and please send me the link to the right thread
Many offers on the market are for the flats that are fairly old like from 60's, 70's or 80's.
I was wondering what happens if you buy such flat and then let's say a year or two later (or five) it is going to be demolished.
- Who decides about the fact that the house needs to be demolished?
- Do the flat owners have anything to say in such case?
- Do you get any reimbursement (and from whom?) or is your money lost?
Generally speaking, what to do with a building is a decision of the owners, unless there is a compelling public interest (e.g. a national project interfering with the building or a disaster which damages the building beyond repair). I've never heard of any "expiry date" for buildings, as long they are maintained and structurally sound they can just stay.
For shared properties (flats in a building) there is an assembly of the owners, rules (which I don't know in details for CH) regulate the decision-making process depending on the matter. Some require majority, some may require an unanimous vote.