In order to realize a NOP 38 project, the law does not require reaching the full agreement of all the building’s residents. The law provides that an agreement of two thirds of the apartment owners is required (full agreement is required in NOP 38/2).

However, a NOP 38 project without a full agreement will have to face challenges (most of them surmountable) when promoting the process, which may prejudice the building rights and project realization times and damage the financial feasibility of the project.

Therefore, our position as a company is to try and reach to understandings and to the agreement of all the building’s residents before launching the project.