How co-ownership works?
In simple terms, co-ownership is an agreement between two or more parties to purchase a property together. Those parties will often work with a lender partner such as a bank who provides a mortgage to enable the purchase.
Partners can design a co-ownership agreement that meets their collective needs as well as the needs of the lending institution. This agreement can cover a breadth of topics ranging from share of ownership and decision making process to property management and maintenance.