Unit 5- Co-Ownership and Undivided Community Flashcards
what is the undivided co-ownership regime governed by in the SCC?
article 406 SCC
what is roman community type?
Ownership is distributed in shares. Example: a couple has purchased an apartment.
Under the SCC and the CCC what is the default community type for the regulation of co-ownership?
roman community type.
what is co-ownership?
ownership of the same property held jointly by 2 or more title holders.
what is undivided co-ownership?
a form of ownership on a thing that cannot be materially divided among co-owners.
how can undivided ownership be created?
by contract; succession; or by a court decision
what are the essential rules of undivided co-ownership?
each co-owner can freely dispose of their share; and approval of the co-owners is required for: selling of the common thing and establishing real rights upon the common thing.
what is the right of partition?
power to demand the division of the thing. A co-owner can demand the division of the object of the community at any time.