Joint Ownership Agreements

Introduction

In many cases, ownership of real estate properties is indefinite to a certain part of the property but extends to the whole of the property as a whole (shared possession). In these cases, no joint proprietor may determine that he owns a specific part of the land and realize his share of the title through that part separately from the rest of the land.

In order to do this, it is necessary to settle the proprietorship of the land in such a way that each joint owner may act in relation to his part of the land as he sees fit, without being dependent upon his co-owners, and for this to happen (inter alia) a joint ownership agreement must be drawn up between the proprietors.