Common property

Shared ownership involves a single material object and the multiplicity of actors.That is, it is assumed that the property owned by multiple persons.Relations concerning common property, legitimate for virtually all subjects.For example, it may be legal entities and individuals, municipalities and government agencies.According to the law of property, persons owning common property, may dispose of a profit, exploiting the things belonging to them in accordance with their goals and desires.However, there are some nuances.Shared ownership suggests that its owners will exercise the powers given to them together.

conclusions.Possession of common property - is not a new form of property.The rules governing cases in which there is a single object and a plurality of subjects, based on the existing right of ownership.Appropriate laws are necessary to protect the interests and rights of the participants owning joint property.

There are different types of common property.In particular, it:

  • property, which involves the definition of shares.In this case, legal provisions aimed at regulating the relations arising with regard to the total property owned by a variety of actors in specified proportions.On the basis of what evidence is usually caused this kind of property?Most often it is a variety of civil transactions.For example, buying and selling, the creation of an economic object, inheritance, which can not be divided, making indivisible things.The composition of the total property also includes income products and other fruits of exploitation, property owned by a variety of participants.At the same time they are distributed between the objects according to the size of their shares, unless a different principle of division in the agreement.It is worth noting that, for legal entities and municipalities only available equity ownership of property;
  • joint common ownership implies that there is one object, and a host of subjects, however, the proportion of participants to be determined.The right is intended to regulate relations arising from joint ownership of property.Co-owners may dispose of their things and operate them in accordance with their goals and desires.The use of property must take place together with the consent of all parties.The right to joint ownership implies that each participant can make transactions relating to general things, if the agreement specified otherwise.At the same time the owner of a contract entered into without the consent of other persons, may be declared invalid.If you plan to carry out the division of property, you must first determine the share of each participant.If the agreement provides otherwise, the property is divided into equal shares.It should be noted that civilians is available as a joint and fractional ownership property.Total joint ownership can occur due to various facts.For example, the property of the spouses, the joint construction of a house, inheritance, and much more.

Shared ownership involves the coordinated efforts of all participants.Relevant legal provisions are necessary in order to protect the interests and rights of all parties.When ownership of common property is assumed that each participant receives a certain benefit.In this order the property must take place so as to meet the overall objectives of all parties involved in the agreement.