Common Contracts
1 similar Co-Ownership Agreement contracts
Co-ownership agreement template for property south africaCo-Ownership Agreement • October 31st, 2020
Co-ownership is when two or more persons jointly own all property rights at the same time over one or more movable or immovable property. Classically, these rights include: the right to use the property (ius utendi), the right to extract the natural and civil fruits of the property (ius fruendi), the ability to change the property (ius abutendi), the right to own the property (ius possidendi), the right of the owner to prevent others from infringing their rights (ius negandi), and the right of the owner to justify the property if it is found (i vindicandi). Each co-owner obtains an undivided co-ownership share (pro indivisio communion) in the co-owned property. In general, this concept of undivided co-ownership means that: the property normally owned cannot be divided as long as the co-ownership lasts and that no co-owner can burden or dispose of the property without the consent of the other co-owners. General elements and classes of co-ownership of common law related to co-ownership i
