Encyclopedia

Common Ownership


1. Property owned by two or more persons belongs to them as joint property.

2. Property may be held in joint ownership with defined shares of each owner in the right of ownership (tenancy in common) or without defining such shares (joint tenancy).

Source: "Civil Code of the Russian Federation (Part One)" dated November 30, 1994 No. 51-FZ (as amended on December 3, 2012)

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