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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.
23/11/2023
If you are shopping for an apartment, ask yourself if it is located in a divided or undivided co-ownership. Although these two concepts are similar, as they ultimately aim to share the same building by several people called co-owners, the legal and financial implications are not the same. These two…...
17/07/2019
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…...