yhteisomistajuus

Yhteisomistajuus refers to a legal concept in Finnish law where two or more individuals or entities own the same property together. This ownership is undivided, meaning each co-owner has a share of the entire property rather than exclusive rights to a specific part. The extent of each co-owner's share is typically determined by agreement or by law.

In a situation of yhteisomistajuus, co-owners generally have the right to use and benefit from the property, but their actions are subject to the rights of the other co-owners. Significant decisions regarding the property, such as selling it, making major renovations, or changing its use, usually require the consent of all co-owners. If co-owners cannot agree on a matter, any co-owner can petition a court to resolve the dispute, which might involve partitioning the property or ordering its sale.

The creation of yhteisomistajuus can occur through various means. It commonly arises when a property is inherited by multiple heirs, when a couple jointly purchases a property, or when individuals invest in property together. The rights and obligations of co-owners are primarily governed by the Co-ownership Act (Yhteisomistuslaki) in Finland. This law aims to provide a framework for managing shared property and resolving potential conflicts that may arise between co-owners, ensuring that the property can be managed and utilized effectively.