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Undivided Co-Ownership (Copropriété indivise)

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Term Definition
Undivided Co-Ownership (Copropriété indivise)
The law provides for two types of co-ownership: divided and undivided. A property of this type belongs to several individuals, called undivided co-owners. No one owner owns an exclusive portion of the property; rather, they each own a fraction. Undivided co-ownership of a property begins informally when several persons, the undivided co-owners, acquire ownership of the same property. However, where an immovable is involved, it is in the interests of the undivided co-owners to draw up and register a formal agreement among themselves. The indivision agreement must be published to be enforceable against third persons.
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