cotitular

A cotitular is an individual who shares legal ownership of an asset or right with one or more other individuals. This shared ownership is often referred to as co-ownership. The term "cotitular" is frequently encountered in legal and financial contexts, particularly concerning property, bank accounts, and other forms of jointly held assets.

In the context of real estate, cotitulars would be individuals listed on the property deed, each holding a specific share or interest in the property. Similarly, a joint bank account has cotitulars who can both access and manage the funds within that account. The rights and responsibilities of cotitulars are typically defined by the specific legal agreement governing the shared ownership, such as a deed, trust document, or a contract.

The precise nature of cotitularity can vary. For example, in some jurisdictions, cotitulars might hold property as joint tenants with the right of survivorship, meaning that upon the death of one cotitular, their share automatically passes to the surviving cotitular(s). In other arrangements, cotitulars might be tenants in common, where each cotitular's share can be willed to heirs. Understanding the specific legal framework of cotitularity is crucial for all parties involved to ensure clarity regarding ownership, rights, and obligations.