OwnershipPrint

Ownership of real property entitles the holder to dispose of it in accordance with the law and customary norms. The owner may receive benefits and other incomes from the things that they possess. Separation of ownership of premises entitles the holder to also participate in shared areas and land.

Ownership may be acquired pursuant to a sales agreement, exchange, donation, assignment of the premises or another agreement containing an obligation to transfer ownership. The agreement must be in the form of a notarial deed, otherwise it shall be considered null and void. The period of ownership is not limited. This right is transferable and may be inherited.

Note: Fractional co-ownership is ownership expressed in fractions. Each of the co-owners has the right to dispose of their part of the property independently.
Joint ownership allows to dispose of the property in accordance with the will of co-owners. Spousal co-ownership constitutes joint ownership.  

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