Ühisomandus

Ühisomandus refers to a form of property ownership common in Estonia where multiple individuals share ownership rights to a particular asset. This concept is frequently encountered in the context of apartment buildings, where the land and common areas such as staircases, hallways, and the building's structural elements are collectively owned by the apartment owners. Each apartment owner holds a share of the common property proportional to their ownership of their individual apartment unit.

The legal framework governing ühisomandus is primarily established in the Law of Property Act. This legislation outlines the rights and responsibilities of co-owners, including provisions for management, maintenance, and decision-making regarding the common property. Typically, a homeowners' association or a managing entity is established to oversee the upkeep and administration of the shared assets. Decisions concerning the common property are usually made through voting processes within the association, with voting rights often linked to the size of each owner's share.

Ühisomandus aims to ensure that shared resources are managed effectively and that all co-owners contribute to their upkeep. It facilitates the collective responsibility for maintaining buildings and land, thereby preserving their value and ensuring a pleasant living environment for all residents. This system is a fundamental aspect of Estonian real estate law and contributes to the organized management of multi-unit dwellings.