Definition : Undivided co-owner of a fraction

A natural or legal person who owns a fraction, for example an apartment, with one or more other co-owners (e.g. spouses). The shares of the co-owners are presumed equal, in the absence of indication, in the deed of acquisition, of the interest of each (expressed as a percentage) in the right of ownership of the fraction. Each co-owner exercises his rights in proportion to his undivided share.

 WHAT YOU SHOULD KNOW ! The co-owner of a fraction held in indivision who is absent from a meeting of co-owners is presumed to have mandated the other co-owners of that fraction to represent him, unless the absentee has, in writing, mandated a third person for that purpose or has indicated his refusal to be represented. The absentee’s voting rights are partitioned proportionately to the rights of the other co-owners in the indivision.

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