Definition : Declaration of co-ownership - Constituting act of the co-ownership

The first part of the declaration of co-ownership intended to subject the immovable to the divided co-ownership regime. The constituting act defines the destination of the immovable, of the private portions and of the common portions, and specifies the relative value of each fraction, the share of expenses  and the number of votes attached to each fraction. It also specifies the powers and duties of the Board of Directors of the syndicate and of the meeting of the co-owners.

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  The declaration of co-ownership is a convention that organizes and regulates the collective life of the co-owners and occupants of the building. This Convention defines in particular their rights and obligations. It is usually developed unilaterally by the developer or owner of the building. Legally, the declaration of co-ownership is a real contract of adhesion, because any new co-owner is obliged to adhere to it. This is a key legal document. Its publication gives rise to the co-ownership and the syndicate. Look at the different aspects of the declaration of co-ownership.  
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