Definition : Co-ownership

A legal ownership regime which governs the rights and obligations of one or several persons upon the same immovable. It can be either divided or undivided.

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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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