Ühisomandiga

Ühisomandiga is a term used in Estonian law to describe a type of property ownership where multiple individuals share ownership of a property. This form of ownership is governed by the Estonian Civil Code and is designed to facilitate shared use and management of property among co-owners. The key characteristics of ühisomandiga include:

1. Equal or Proportional Ownership: Co-owners can either have equal shares in the property or proportional shares based on their contributions or agreements.

2. Joint Management: Decisions regarding the property, such as repairs, renovations, or changes in use, typically require the consent of all co-owners.

3. Profit and Loss Sharing: Any income generated from the property, such as rent, is usually divided among the co-owners according to their ownership shares. Similarly, any expenses incurred for the property are also shared proportionally.

4. Transfer of Ownership: Transferring ownership of a property in ühisomandiga requires the agreement of all co-owners. This can be done through a formal deed or contract.

5. Dissolution: If a co-owner wishes to leave the property, the remaining co-owners can choose to dissolve the ühisomandiga arrangement. This can be done through a formal agreement or, in some cases, by simply notifying the other co-owners of the intention to leave.

Ühisomandiga is a flexible and practical form of property ownership, particularly suitable for situations where individuals wish to share the responsibilities and benefits of property ownership without the complexities of formal legal entities. It is commonly used for residential properties, such as apartments or houses, where multiple family members or close friends wish to share ownership and living expenses.