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Legal structure under which an immovable is subject to a declaration of co-ownership, the purpose of which is to govern the relationship between the co-owners and the directors. By the publication of the declaration of co-ownership, the immovable is divided into fractions, owned by one or more persons, called "co-owners". Each of the co-owners owns a fraction comprising a private portion and a share of the common portions. These common portions belong to all the co-owners. All immovables, whether residential, commercial or industrial, may, in principle, be subject to the divided co-ownership regime.
WARNING ! Divided co-ownerships and syndicates of co-owners exist only as of the publication of the declaration of co-ownership at the Land registry office (Land Register).
21/09/2024
In divided co-ownership, the property of the building is divided among the co-owners in the form of "fractions." Each fraction includes a clearly defined private section, such as an apartment, a parking space, a storage unit, or even sometimes a piece of land. Additionally, each fraction grants a share of the common…...
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…...
22/07/2024
Whether you are a real estate developer (for a new building) or several owners of an existing building who wish to convert it, the rules for subjecting a building to divided co-ownership are the same. The creation of a divided co-ownership is necessary when an immovable must be divided into…...
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…...
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09/08/2022
We often hear the words "condo", "condo fees", "purchase and sale of a condo" and "Condolegal.com". Question: What is the origin of the word “condo” and what does it really mean?...