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A clause in some undivided co-ownership agreements, securing the obligations of an undivided co-owner towards the other undivided co-owners and conferring a hypothecary recourse in the event of default.
21/09/2024
Undivided co-ownership has existed since time immemorial, even before the existence of divided co-ownership. Joint ownership allows two or more people to own a building while sharing the acquisition and operating costs. A co-ownership is said to be undivided when the right of ownership is not accompanied by a physical…...
13/12/2023
When purchasing real estate, it's important to fully understand the different types of ownership that affect your rights and obligations as a potential buyer. If you're looking for an apartment, ask whether it's part of a divided or undivided co-ownership. While both involve sharing a building among several co-owners, the…...