Law of Ownership Subdivision and Management of Real Estate Units

1. The re-subdivision or changing of the purpose of a jointly-owned real estate or part thereof may be carried out upon the approval of the general assembly and the mortgagee, if any, without prejudice to the right of an aggrieved party to legal action. 2. The plan of a jointly-owned real estate must be amended according to the changes made thereto due to the re-subdivision or change of purpose; such amendments shall be approved by the competent agencies. 3. If any changes are made to a jointly-owned real estate, the owners shall share the outcomes of such changes based on the area of their subdivided units to the total area of the subdivided real estate units as indicated in the subdivision document issued by the Authority. In sharing such outcomes, the owners may agree to take into account the value and area of each subdivided real estate unit when determining the share of each owner in such changes.