Definition : Divided co-ownership - Horizontal co-ownership

A co-ownership comprising private portions and common portions situated one beside another (for example, townhouses). The actual presence of a building is not a prior condition to the establishment of such a co-ownership as the existence of land, wich in turn has been divided suffices.This type of co-ownership is the least used type of co-ownership.

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By purchasing a condo (apartment) in a residential tower, you automatically become an owner in a vertical co-ownership. You can also be in a divided co-ownership, if you purchase a house (semi-detached or townhouse), built on the same lot than other individual homes.  It is then called a horizontal co-ownership.
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