Term
Co-ownership
Co-ownership refers to the ownership of a communal object by several persons. With simple or non-material co-ownership of a property, shares of co-ownership exist according to fractions, however, not according to parts of the property determined by area or space. With simple co-ownership, the use must be agreed by all co-owners. In contrast, every co-owner can have ownership of their own non-material share and, for example, sell this or debit it through a mortgage. Flat ownership is a special form of co-ownership.