Real property co-ownership or undivided property co-ownership are both legal concepts related to the right of ownership over an asset, which implies that one person has the right of ownership over that asset only partially, sharing the ownership with other people. Jointly-owned property (bienes gananciales) acquired during the marriage, for example, once divorce proceedings begin, is subject to the termination of real property co-ownership or undivided property co-ownership.
In simple terms, the termination of real property co-ownership is the process by which the co-ownership situation over a property is terminated, so that each co-owner obtains his or her corresponding share or a compensation agreement is reached. This process can be carried out amicably or, in cases of disagreement, through judicial intervention. Real property co-ownership termination lawyers play a crucial role in advising and guiding the parties involved to ensure that the process is conducted in a fair and legal
Termination of Real Property Co-ownership and Undivided Property Co-ownership
manner.