The declaration of co-ownership is an agreement that organizes and regulates the collective life of the of the co-owners and occupants of the building. This agreement defines their rights and obligations. As it is an authentic act, it must be received by a notary. The declaration of co-ownership is often signed by the developer who acts as sole proprietor, or sometimes, by undivided co-owners who wish to subject their immovable (held in co-ownership) to the regime of divided co-ownership, as well as by hypothecary creditors. This document must subsequently be published in the land register.
Its publication gave birth to the co-ownership and the syndicate. All new co-owners are required to comply with it. A look at the different aspects of the declaration of co-ownership.
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