Undivided Agreement Definition

Its content can be adapted according to the needs of the co-owners without sharing and the characteristics of the real estate. This is a contract that can only be modified with the agreement of all the co-owners. So shared co-ownership or without sharing? In both cases, it is important to make sure that you are well informed before making the jump and make sure that you formalize all agreements in writing. Even if it is not mandatory, it is advisable to create an emergency fund for unshared real estate in case of unforeseen expenses. Unlike shared co-ownership, unshared co-ownership, which is only available upon resale, does not cover the ownership rights of a particular dwelling inside the building. The distribution between private and collective spaces does not exist in the co-ownership without sharing. The entire building belongs jointly to all the owners, who are themselves responsible for maintenance. In the case of a total condominium, all owners must receive their financing from the same financial institution. A 20% count is also required, which is not an easy task…