Definition : Deed of alienation of immovable property

Legal act by which a syndicate of co-owners disposes of the ownership of an immovable (e.g. land or an apartment) or grants rights upon the common portions of the immovable (e.g. a right of way granted to a neighbor).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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