Definition : Indivision

The situation in which several persons own together the same property without their ownership being attached to a specific part of the property.

In divided co-ownership, this is so for:

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30/12/2023

Relative value of a fraction

Divided co-ownership is a housing formula that usually has more than one owner.  In order to assess and quantify the interest of each person in the building, the legislator has provided that the right of ownership of each owner in the common portions is proportional to the relative value of his…...

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23/11/2023

Divided co-ownership (‘‘condo’’) and undivided co-ownership

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…...

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Private portions and common portions

The characteristic of divided co-ownership is to divide the building into various lots that will be the exclusive property of the co-owners (private portions), and for others that will be the property of all the co-owners (common portions). These lots are identified by an individual number, which was assigned during…...

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14/02/2021

Presumed mandate of undivided asssembly (Initial co-ownership)

Question: Are the co-owners of a vertical co-ownership considered undivided in the horizontal co-ownership? And if so, what would be the impact on representativeness at the general meeting of the horizontal co-ownership (AGM)?  For example, could a few co-owners of a vertical co-ownership act for all the co-owners without having previously held…...

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02/03/2010

Undivided co-owners and voting rights

Question: I do not understand how my right to vote at co-ownership meetings works. As a matter of fact, I am not the sole owner of my unit: my spouse and I are both on the ownership title, we are co-owners of equal shares (50%-50%). I have the impression that if…...

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