Definition : Declaration of co-ownership

A notarial act en minute, published in the Land Register, the main purpose of which is to subject the immovable to the regime of divided co-ownership. The declaration of co-ownership determines :

  • The rules for the operation and the organization of the co-ownership (private and common portions, allocation of expenses, etc.)
  • The rights and obligations of the co-owners and of the syndicate.

It is divided in three sections: the constituting act of the co-ownership, the By-Laws of the immovable, and the Description of the fractions.

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