Definition : Divided co-ownership

Legal regime under which an immovable is subject to a declaration of co-ownership , the purpose of which is to govern the relationship between the co-owners and the directors. By the publication of the declaration of co-ownership, the immovable is divided into fractions, owned by one or more persons, called "co-owners". Each of the co-owners owns a fraction comprising a ? private portion and a share  of the common portions. These common portions belong to all the co-owners. All immovables, whether residential, commercial or industrial, may, in principle, be subject to the divided co-ownership regime.

WARNING! Divided co-ownerships and syndicates of co-owners exist only as of the publication of the declaration of co-ownership at the Land registry office (Land Register).


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