
Shared ownership and joint ownership are terms related to the right of ownership and sharing of property, but they have different meanings and are regulated differently in legal systems. Agent of real estate Arco Vara Angelika Lissova explains the basic
differences between these terms. Photo: Shutterstock
Share ownership and joint ownership – these are terms, related to the right of property and the sharing of property, but they have different meanings and are regulated differently in legal systems. Agent of real estate
Arco Vara Angelika Lissova explains the basic differences between these terms.
With shared ownership number of persons have equal rights to the same real estate, but each owner’s share is strictly determined. All owners have the right to use the property, but each owner owns a legally determined part. For example, if three persons jointly own one apartment,theymaybeowners,eachof whomhasathirdrighttotheapartment.
Sharedownership: