Definition : Deed of acquisition of immovable property

Legal act by which a syndicate of co-owners obtains the ownership of an immovable (e.g. land or the janitor’s apartment) or obtains rights upon an immovable (e.g. the right of use of a parking lot located on land adjacent to the co-ownership). This deed is usually signed before a notary.

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The resolutions of the General Meeting of the co-owners are adopted or rejected, as the case may be, if a majority is reached or not. Depending on the repercussions such resolutions may have on the co-ownership, the majority required will be more or less difficult to achieve. The General Meeting of the co-owners adjudicates at two different majority levels: absolute majority and double majorities (enhanced majorities).
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