Definition : Conversion - Immovable held in undivided co-ownership

The process by undivided co-owners by which an immovable held in undivided co-ownership becomes governed by the divided co-ownership regime.

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An immovable whose dwellings are all occupied by undivided owners, can be converted into divided co-ownerships, subject to certain conditions. But carrying out this conversion requires to overcome several steps involving all owners concerned.
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When shopping for an apartment, you must find out if it is in a divided or undivided co-ownership. Even though both concepts are similar in that their ultimate goal is the partition of an immovable between several persons called co-owners, the financial and legal commitments are different.
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