co-ownership

English - Turkish

Definition of co-ownership in English Turkish dictionary: Müşterek sahiplik; (Kanun) birlikte mülkiyet
coownership: ortak mülkiyet
coownership: (Kanun) birlikte mülkiyet

English - English

Definition of co-ownership in English English dictionary: Two or more persons hold the title to the property; Two or more people sharing ownership of a property Forms of co-ownership include community property, joint tenancy, and tenancy in common; Two or more persons hold the title to the property Examples are; is a relationship between two or more parties who jointly own interest(s) in the same property; Shared ownership, a method of purchasing property in partnership with a housing association, where the borrower purchases part of the property and rents the rest from the housing association The minimum purchase amount is 25% of the property value, and the rest may be bought in blocks of 25% This arrangement is ideal for those whose personal circumstances prevent them from being 100% homeowners; Title ownership held by two or more persons; shared ownership, shared proprietorship, shared possession; When there are more than one owner for an immovable property, the status of the property is known to be of the Co-ownership type; Label given to ownership of property by more that one person; Co ownership occurs when the ownership of the whole property is divided (not necessarily on a pro-rated basis) between two or more persons Usually there is a written agreement between the co-owners in which the rights of each co-owner is described Each co-owner may sell his/her right of ownership or dispose of it as he/she wishes; Teams take on co-ownership characteristics when members realize that all tasks belong to the team and that their individual roles are in support of the team Team members actively take on responsibility and accountability for not only their tasks, but for the team itself; The state of two or more people sharing ownership of a property This can be an important issue in matters such as personal liability, or inheritance