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Legal structure of ownership which allows many owners to own jointly one same immovable.This type of co-ownership is created automatically, without any formality, when at least two people own an immovable without it being physically divided between them into separate lots.
WHAT YOU SHOULD KNOW ! The indivision agreement is optional and does not create the undivided co-ownership.
02/11/2021
Il existe deux types de copropriétés différentes soit la copropriété divise et la copropriété indivise. Voici une capsule vidéo où l'avocat émérite Yves Joli-Coeur explique ces deux concepts juridiques qui sont bien différents. ...
17/07/2019
If you are shopping for an apartment, ask yourself if it is located in a divided or undivided co-ownership. Although these two concepts are similar, as they ultimately aim to share the same building by several people called co-owners, the legal and financial implications are not the same. These two…...
17/07/2019
The conversion of a immovable to divided co-ownership (condos) is subject to strict formalities and municipal by-laws, which can restrict the conversion or make it subject to certain conditions.. Unfortunately this does not always prove possible, more particularly because of the very high costs such a process implies (such as subdivision taxes known…...
09/08/2022
In undivided co-ownership, the rights of withdrawal and of first refusal may disrupt the course of a real estate transaction. It is important to know that other co-owners may take precedence over a potential purchaser. The title of the latter could be precarious for some time: a buyer who acquires…...
09/08/2022
When it comes time to acquire a home, many buyers turn to the acquisition of a multi-unit building (such as a duplex, triplex, quadruplex, etc.). The direct conversion of rental units to divided co-ownership is prohibited in some cities, with a few exceptions, which is why owners first turn them…...