kaasomanik

Kaasomanik is a term used in Estonian law to denote a co-owner of a property, business, or other asset. A kaasomanik holds an undivided share in the asset together with one or more other kaasomanikud. The size of each share and the rights and duties connected to them are determined by contract, inheritance, or statutory rules, and may be equal or unequal.

Co-ownership arises by agreement, allocation in inheritance, or other legal acts. The shares may be specified in a deed, contract, or by court decision, and all kaasomanikud typically have a right to use the asset in proportion to their share, subject to any arrangements made between the owners. Ownership rights are exercised collectively, and major decisions affecting the asset generally require agreement among the kaasomanikud unless the parties have agreed otherwise.

Rights and duties of a kaasomanik include participating in decisions about the asset, contributing to maintenance, taxes, and other costs in proportion to their share, and refraining from actions that prejudice the interests of other co-owners. A kaasomanik may transfer their share to a third party, often subject to restrictions or a right of first refusal for the remaining co-owners.

Dissolution of co-ownership can occur through partition of the asset or the sale of the asset, with proceeds distributed according to each kaasomaniku share, or through other agreed arrangements. The concept and rules of kaasomanik are governed by the Estonian Civil Code (Tsiviilseadustik) and related property-law provisions, with possible court involvement in disputes or partitions.