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Legal structure of ownership which allows many owners to own jointly one same immovable.This type of co-ownership is created automatically, without any formality, when at least two people own an immovable without it being physically divided between them into separate lots.
WHAT YOU SHOULD KNOW ! The indivision agreement is optional and does not create the undivided co-ownership.
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…...
23/07/2024
When it comes time to acquire a home, many buyers turn to the acquisition of a multi-unit building (such as a duplex, triplex, quadruplex, etc.). The direct conversion of rental units to divided co-ownership is prohibited in some cities, with a few exceptions, which is why owners first turn them…...
02/11/2021
Dans capsule vidéo, l’avocat émérite Yves Joli-Coeur aborde un sujet crucial dans le domaine de l’immobilier résidentiel : la différence entre la copropriété divise et la copropriété indivise. Il existe deux types de copropriétés, chacune ayant ses propres caractéristiques et implications juridiques. La première est la copropriété divise, où chaque…...
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…...
13/12/2023
In undivided co-ownership,, withdrawal and preemption rights can disrupt the course of a real estate transaction. It is important to understand that in this type of co-ownership, other co-owners may have priority over a potential buyer. The latter's property title could be uncertain for a certain period: a buyer who…...
04/10/2023
4 octobre 2023- Existe-t-il un écart de valeur entre une copropriété divise et indivise ? Dans le cadre d’un mandat qui nous a été confié, nous avons procédé à une étude visant à déterminer s’il existe un écart potentiel, entre une valeur immobilière détenue en copropriété divise et l’autre en…...