{"id":13851,"date":"2021-08-28T21:27:57","date_gmt":"2021-08-28T21:27:57","guid":{"rendered":"https:\/\/terzol.com\/vastgoed\/nieuwsbericht\/apartment-law-part-2-necessary-in-suriname\/"},"modified":"2021-08-28T21:27:57","modified_gmt":"2021-08-28T21:27:57","slug":"apartment-law-part-2-necessary-in-suriname","status":"publish","type":"nieuwsbericht","link":"https:\/\/terzol.com\/vastgoed\/en\/nieuwsbericht\/apartment-law-part-2-necessary-in-suriname\/","title":{"rendered":"Apartment Law Part 2: Necessary in Suriname!"},"content":{"rendered":"<p>As of 2017, <a href=\"https:\/\/terzol.com\/vastgoed\/en\/\">Terzol Vastgoed NV<\/a> offers integral services in the areas of purchase and sales brokerage, leasing and rental, appraisals, property management, subdivision, project development and consultancy to national and international corporate and private clients in Suriname.<br \/>\nTerzol Vastgoed N.V. aims with the series of articles under the name &#8216;Grondzaken Nader Belicht&#8217; to create or increase the awareness of all stakeholders &#8211; including brokers, developers, investors, landowners, buyers and government &#8211; about the various possibilities and legal certainties regarding land matters in Suriname.<br \/>\nJo\u00ebl Terzol, Senior Partner and CEO Terzol Vastgoed NV, once started as a financial professional in the Netherlands and has developed himself as an ambitious and successful entrepreneur within the real estate market in Suriname.<br \/>\nAlthough buying and selling real estate runs in his blood, he has developed a passion for advising on all kinds of issues related to ground lease, ground rent and estate matters within the real estate market.<br \/>\nIn addition, Terzol anticipates the major developments in the Gold, Oil &amp; Gas Industries in Suriname by developing projects in innovative ways to meet the modern needs of expatriates.<br \/>\nTerzol will cover the following topics in the series of articles, namely:       <\/p>\n<ul>\n<li>Domain land<\/li>\n<li>Ground conversion<\/li>\n<li>Land tax<\/li>\n<li><strong>Apartment Law<\/strong><\/li>\n<li>Estate matters<\/li>\n<li>Land Policy<\/li>\n<\/ul>\n<p><strong>Apartment Law<\/strong> In 2014, nine families were rendered homeless by a fierce fire.<br \/>\nIt involved an apartment complex in which all the homes were connected to the electricity network of one home resulting in a short circuit.<br \/>\nThe question that arose among the public in this regard is whether there is any legislation for setting up apartments and what rules must be met.<br \/>\nHowever, it turned out that there is no legislation for apartments in Suriname <a href=\"https:\/\/unitednews.sr\/appartementsrecht-deel-2-noodzakelijk-in-suriname\/#_ftn1\" name=\"_ftnref1\">[1]<\/a>.<br \/>\nGovernment leaders have publicly mentioned the need for the Apartment Law several times.<br \/>\nAt the opening of the Construction and Housing Fair in August 2017, it was stated by a politician that the Apartment Law Act is necessary to solve the housing shortage faster<a href=\"https:\/\/unitednews.sr\/appartementsrecht-deel-2-noodzakelijk-in-suriname\/#_ftn2\" name=\"_ftnref2\">[2]<\/a>.       <em> <\/em><\/p>\n<p><strong>Defining Apartment Rights<\/strong> The draft New Civil Code (NBW) presented to Parliament for consideration several years back includes, among other things, Apartment Rights, fractional apartment rights as well as the rights of an apartment owner.<br \/>\nThe draft NBW states that an owner is authorized to divide his right to a building with the land attached to it into several Apartment Rights and Partial Apartment Rights.<br \/>\nThe division into Apartment Rights is done by an appropriate notarial deed, followed by registration of that deed in the public registers (GLIS).<br \/>\nThe basis of the concept of Apartment Rights is thus found in co-ownership.<br \/>\nAll apartment owners are joint (co-)owners of the whole and together form the Owners&#8217; Association (VvE).<br \/>\nThe VvE manages and maintains the common parts such as the stairwell, parking area, playground, sports hall etc but also fire insurance, painting, lighting, security etc.<br \/>\nThe VvE keeps a reserve fund to provide for regular maintenance of the common parts, among other things. <a href=\"https:\/\/unitednews.sr\/appartementsrecht-deel-2-noodzakelijk-in-suriname\/#_ftn3\" name=\"_ftnref3\">[3]<\/a><strong>Needs target groups<\/strong> The Apartment Right meets needs of different target groups.<br \/>\nWe still have many occupants, students living at home, 60-somethings who want to live smaller and more efficiently, expats who want to buy or rent luxurious penthouses, our diaspora who want to invest here, and entrepreneurs who would like to invest in building residential towers with the intention of being able to sell those apartments. <strong>Occupants<\/strong> We still have a lot of occupants in our country.<br \/>\nWith the Apartment Law, the Ministry of Social Affairs and Housing can erect apartment buildings.<br \/>\nA 4000m2 piece of land can house 2,000 people.<br \/>\nCurrently, without the Apartment Right, large tracts of land as large as 5-10ha are used to build public housing.<br \/>\nMost of these housing projects are in Paramaribo, resulting in the disappearance of much of the city&#8217;s forest.<br \/>\nIf we look at the large residential areas such as Flora and Zorg en Hoop, we see many poorly maintained homes.<br \/>\nThe yard is also not maintained.<br \/>\nIn New York in the 1960s people bought up large residential areas and built apartment towers.<br \/>\nThe people who sold their land and house could buy an apartment.<br \/>\nThis freed up a lot of land that was converted into walking parks, parking areas, playgrounds, sports facilities, etc.<br \/>\nA good example is the Oldenburg project at Ringweg Noord, where 120 houses were built on an area of 10 hectares of land on the coast of Suriname, while 4 hectares would have been sufficient if apartments had been built.<br \/>\nOn the remaining 6 ha there could be a university, a nature park and perhaps a large lake or &#8220;pan&#8221; that could serve as water storage.<br \/>\nMany of the families in this project have a garden but do nothing with it.<br \/>\nI believe we need to redesign Paramaribo.<br \/>\nBut let&#8217;s pull this broader.<br \/>\nSuriname enjoys a lot of income from gold and timber from the district of Brokopondo.<br \/>\nBut many people move to the city because they also want a nice house with parking.                        Building apartments in Brokopondo gives us the opportunity to live luxuriously even in our beautiful interior.<br \/>\nWhy?<br \/>\nWell&#8230;why not? <strong>Students<\/strong> Students, who are also a target group, often do not yet have the money to buy a house and plot due to the efforts of successfully completing their studies &#8211; whether or not in combination with a job.<br \/>\nIn most cases, they continue to live at home even after graduation.<br \/>\nThe Apartment Law brings the purchase of a relatively cheaper &#8220;starter apartment&#8221; within their reach.<br \/>\nAs a result, they build up equity and can later sell their &#8216;starter apartment&#8217; again to buy a more spacious apartment or home. <strong>Senior Citizens<\/strong> Our senior citizens are also a target group for Apartment Rights.<br \/>\nWhen the children are out of the house, the home often becomes too big (think maintenance) and they now want to live smaller.<br \/>\nWhen they sell their current home, they can buy an apartment and use the surplus value to supplement their living expenses.<br \/>\nThey are spared the stress of rebuilding.<br \/>\nFurther advantages of living in an apartment building are: safety, convenience, comfort and contact with other residents .<br \/>\nHow nice it would be if we could facilitate our senior citizens, who have worked hard for years to build a foundation for our future, with these housing options so that they can relax and enjoy their lives carefree. <strong>Our diaspora<\/strong> Our diaspora loves to spend the winter in Suriname.<br \/>\nThey would like to invest in a home so they can enjoy their vacation in Suriname.<br \/>\nThey also want the opportunity to be able to buy an apartment and then have it maintained and rented out in their absence. <strong>High Segment and Expats<\/strong> People with an average higher income do not have the need to maintain a large piece of land due to their lifestyle, but greatly appreciate the view of a beautiful landscape surrounding their home.<br \/>\nAnticipating the developments around the oil and gas industry, it is expected that there will be an influx of expats, who would like to live safely in luxurious penthouses with a large terrace and from there enjoy breathtaking views of our green gold and water works and maybe even overlooking the Atlantic Ocean.<br \/>\nCan you imagine it? <strong>Entrepreneurship<\/strong> Building an apartment tower costs a lot of money.<br \/>\nAbroad, several investors usually come together to erect a tower building.<br \/>\nWith the Apartment Right, they will be able to buy or sell apartments or even entire floors of a residential tower.<br \/>\nHigh-rise buildings guarantee a more efficient use of land.<br \/>\nForeign entrepreneurs also have their eyes on Suriname.<br \/>\nThe Hague-based real estate entrepreneur with Surinamese roots, Mairan Sewtahal, indicates that the demand for real estate will slowly increase in the coming period.<br \/>\nAccording to him, it is expected that many large investors will soon also find Suriname enormously attractive to invest.                     &#8220;One of the issues that may play an important role is the so-called &#8216;Apartment Right&#8217;. If there is a law that gives the power to divide the right to a piece of land into Apartment Rights, then it will not be long before the first large residential towers are built in Suriname&#8221; says Sewtahal in an article on waterkant.net <a href=\"https:\/\/unitednews.sr\/appartementsrecht-deel-2-noodzakelijk-in-suriname\/#_ftn4\" name=\"_ftnref4\">[4]<\/a>.<br \/>\nOther sectors will also have new opportunities.<br \/>\nBuilding apartment towers brings development and entrepreneurship.<br \/>\nConsider maintenance, cleaning and security, for example. <strong>Conclusion<\/strong> Our land &#8211; our precious green gold &#8211; we really need to start using it efficiently.<br \/>\nApartment law offers us those opportunities.<br \/>\nIn our neighboring countries French Guiana, Brazil and Guyana, Apartment Rights are already included in their laws.<br \/>\nI am convinced that we now agree that the Apartment Law is an urgent necessity in the interest of country and people.<br \/>\nIt is time for action.<br \/>\nThe question now is, &#8220;What are we going to do for urgent realization of the Apartment Law?&#8221;<br \/>\nBuilding Suriname is not something you do alone; we do it together: Yes &#8211; we can! <iframe loading=\"lazy\" src=\"https:\/\/www.facebook.com\/plugins\/post.php?href=https%3A%2F%2Fwww.facebook.com%2Fterzolvastgoed%2Fposts%2F1566528907015144&amp;show_text=true&amp;width=700\" width=\"700\" height=\"553\" style=\"border:none;overflow:hidden\" scrolling=\"no\" frameborder=\"0\" allowfullscreen=\"true\" allow=\"autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share\"><\/iframe><a href=\"https:\/\/unitednews.sr\/appartementsrecht-deel-2-noodzakelijk-in-suriname\/#_ftnref1\" name=\"_ftn1\">[1]<\/a><a href=\"https:\/\/unitednews.sr\/appartementsrecht-deel-2-noodzakelijk-in-suriname\/#_ftnref2\" name=\"_ftn2\"> https:\/\/www.dbsuriname.com\/2014\/01\/15\/wetgeving-noodzakelijk-voor-appartementencomplex\/[2]<\/a><a href=\"https:\/\/unitednews.sr\/appartementsrecht-deel-2-noodzakelijk-in-suriname\/#_ftnref3\" name=\"_ftn3\"> http:\/\/www.srherald.com\/suriname\/2017\/08\/07\/bouva-samenwerken-belangrijk-bij-oplossen-huisvestingsvraagstuk\/[3]<\/a><a href=\"https:\/\/unitednews.sr\/appartementsrecht-deel-2-noodzakelijk-in-suriname\/#_ftnref4\" name=\"_ftn4\"> https:\/\/www.dbsuriname.com\/2014\/01\/15\/wetgeving-noodzakelijk-voor-appartementencomplex\/[4]<\/a> <a href=\"https:\/\/www.waterkant.net\/suriname\/2020\/07\/31\/olievondst-stemt-investeerders-en-beleggers-in-surinaams-onroerend-goed-tevreden\/\">&#8216;Oil discovery pleases investors in Suriname real estate&#8217; &#8211; Waterkant<\/a>         <\/p>\n","protected":false},"featured_media":13610,"menu_order":0,"template":"","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"categories":[60,79],"class_list":["post-13851","nieuwsbericht","type-nieuwsbericht","status-publish","has-post-thumbnail","hentry","category-apartment-law","category-land-matters-closer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apartment Law Part 2: Necessary in Suriname! 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