kaasomandit

Kaasomandit refers to a form of co-ownership in Estonian property law. In a kaasomand arrangement, multiple individuals or entities own a share of a single property, such as a building or a piece of land. Each co-owner has a defined percentage or fraction of ownership, granting them rights and responsibilities proportional to their share. This means that decisions regarding the property, such as renovations or sales, typically require the agreement of all co-owners, or at least a majority as stipulated by law or agreement.

The establishment of kaasomand can occur in various ways. It is common when a property is inherited by multiple heirs, or when several parties jointly purchase a property. The rights and obligations of co-owners are governed by the Estonian Law of Property Act. This legislation outlines aspects like the use of the common property, the sharing of expenses for maintenance and repairs, and the procedures for resolving disputes. Each co-owner has the right to use the common property in accordance with their share, but they cannot impede the rights of other co-owners. Selling or transferring one's share in a kaasomand property is generally permitted, though other co-owners may have pre-emption rights. Management of the property is often handled through agreements between co-owners or by appointing a common representative.