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