Kaasomsekõidule

Kaasomsekõidule refers to a specific type of collaborative ownership or co-ownership in Estonian law. It is a legal framework that allows multiple individuals or entities to jointly own a property or asset. This concept is most commonly encountered in relation to real estate, such as apartments or land.

When a property is held under kaasomsekõidule, each co-owner possesses a fractional share of the entire property, rather than exclusive ownership of a distinct physical part. This means that all co-owners have rights to the whole property, and decisions regarding its use, maintenance, and disposal typically require agreement among the co-owners. The specific rights and obligations of each co-owner are usually determined by a co-ownership agreement or by provisions within the relevant Estonian legislation, such as the Law of Obligations Act.

In the context of apartment ownership, kaasomsekõidule often applies to the common areas of a building, such as stairwells, corridors, roofs, and land. Individual apartments themselves are typically owned in a different form of ownership (korteriomand), which grants exclusive ownership of a specific unit. However, the land and common parts of the building remain in co-ownership among the apartment owners. The management of properties under kaasomsekõidule can involve various arrangements, including the establishment of a homeowners' association to manage shared responsibilities and finances.