Flats Nový Opatov II - cooperative

This apartment is part of a cooperative phase.

Cooperative housing has been a modern form of financing for us since 2011 and has already provided homes for 2,000 households.

How does it work?

1.: You choose your dream cooperative apartment
2.: You sign the apartment agreement
3.: You pay the basic membership contribution and become a member of the cooperative
4.: After taking possession of the apartment, you pay a monthly installment to the cooperative instead of a mortgage

Frequently Asked Questions

How much money do I need to prepare?

You always need to pay a membership contribution first, which may vary depending on the apartment. It usually starts at 20% but can be higher. After taking possession of the apartment, you will pay a monthly installment (rent) to the cooperative. The exact amount of the membership contribution and an estimated monthly payment can be found on the apartment’s page in the cooperative calculator.

Can I pay a higher membership contribution?

Yes. By doing so, you reduce the remaining annuity balance, which results in a lower monthly rent.

Will I own the apartment?

The apartment is owned by the cooperative. You own a share corresponding to the apartment and may use it without any restrictions.

How much will I pay per month?

You can calculate an estimated monthly payment on the page of the specific apartment.

Can I transfer the apartment into private ownership in the future?

Yes. After the full annuity has been repaid, the apartment can be transferred into private ownership.

Can I rent out the apartment?

Yes, the apartment can be rented out without any issues. You only need to inform the cooperative about the rental.

Can I sell the apartment at any time?

Yes. You can sell your cooperative share at any time, and the process is actually simpler than selling an apartment in private ownership.

Do you need more information before buying?

Feel free to contact us. We are ready to help you.

Arrange meeting

Conditions for a participation in a housing association

payment of at least 28 % of the acquisition cost of a cooperative apartment (and accessories - garages or storerooms, etc.) from your own resources while the remaining part will be paid according to a monthly rent prescription in the form of annuity payments to the housing association loan for 35 years from a handover of the cooperative apartment

We will gladly provide you with more information about the advantages of the cooperative housing. Write a message.

Contact our Client centre for sample documents.

Membership deposit payment schedule after an acceptance to the association

Payment	Amount	Due date
Reservation fee	250 000 CZK	Reservation fee is payable within five days from signing the reservation agreement.
Lump-sum membership fee	15 000 CZK	Lump-sum membership fee is payable within thirty days from sending a written notice.
Deposit	at least 28 % from the acquisition price of the future lease subject (incl. VAT)	Deposit reduced of paid Reservation fee and is payable within 30 days from sending a written notice.
Rent and deposits on services	Depending on the amount of the AMD share and the acquisition price of the apartment	The rent will be paid monthly in accordance with the signed lease agreement between the association as a renter and the association member as a tenant.

The additional membership deposit (AMD) is at least 20 % of the acquisition cost of the future lease subject (i.e. the apartment incl. accessories), but the purchaser has the option to choose a higher AMD in the beginning, which is then reflected positively in the amount of a monthly rent (annuity payments). If you want to calculate if the amount of the monthly (annuity) rent payment corresponds to your preferred amount of the AMD share on the apartment acquisition value, you might use our calculator. It is contained in the price list.