Co-Ownership Agreement South Africa

Generally speaking, this concept of a total co-ownership share means that: shared ownership cannot be shared as long as the co-ownership lasts and no co-owner can overwhelm or transfer the property without the agreement of the other co-owners. It is advisable to seek professional legal assistance for the establishment of a co-ownership contract. Tied co-ownership is when an underlying relationship, such as a marriage in a community of ownership or partnership, binds the co-owners separately from their co-owner relationship. The main consequence of this form of co-ownership is that co-owners cannot encumber or assign their share of undivided co-ownership as long as the underlying relationship exists and the co-ownership cannot cease unilaterally. .

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