The works fund, explained simply
Since 1 August 2023, every co-ownership in Luxembourg must build up a works fund (fonds de travaux). Here are the essentials.
What is it?
A cash reserve the co-ownership builds up over time to pay later for the upkeep, repair and improvement of the building, including energy renovation.
Who is concerned?
Every co-ownership, whatever its size. The obligation was introduced by a 2022 law amending the law of 16 May 1975 on co-ownership.
How much must be paid?
A minimum annual contribution is set by Grand-Ducal regulation. It depends on the building's floor area and energy performance. The general meeting may decide to pay more.
What happens when you sell?
The amounts paid stay with the unit: they are not refunded to the seller. The buyer is informed of the amount held for the unit they are buying.
What mäisyndic does
We calculate your building's minimum contribution, include it in the calls for funds, keep the money in a separate account and show the amount held for each unit in the online portal.
This page is a summary for owners. Only the official texts are legally binding. More information on the Ministry of Housing portal.
What would mäisyndic cost for your building?
A few details are enough. You get a firm quote within 48 hours, with no obligation.