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Klarencia

Is the reserve fund mandatory in co-ownership?

Belgian law requires the establishment of a reserve fund for co-ownerships.

Pro Syndic
Voluntary Syndic
Co-owners
Federal rule — applies throughout Belgium

Yes, since the 2018 reform, Belgian law requires the establishment of a mandatory reserve fund in every co-ownership.

Minimum amount: The annual contribution may not be less than 5% of the total ordinary common charges from the previous financial year.

Legal references

Article 3.86 §3 Civil Code — Mandatory reserve fund

Klarencia automatically manages the reserve fund and dedicated bank accounts.

Related questions

Is PCMN accounting mandatory for all co-ownerships?

Whether PCMN standardised accounting is required depends on the size of the co-ownership.

Disclaimer

The information provided is for informational purposes only and does not constitute legal advice. If in doubt, consult a qualified professional (solicitor, notary, accountant, or IPI-accredited professional syndic). Klarencia is a management tool and does not replace professional advice.

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