When two or more people acquire ownership of a real estate object, a share relationship arises between them for the right to use the property. There is a special procedure for each of the participants to clearly know the boundaries of their site. It is expressed in a voluntary agreement between all owners to delineate the rights to a part of this property. This is necessary for their fuller implementation in case of sale, donation, division or inheritance.
Instructions
Step 1
Enter into an agreement on the determination of the shares. It should be drawn up and concluded between two or more persons who have property in joint ownership. Traditionally, an agreement on the determination of shares is concluded in relation to a real estate object (land plot, apartment, residential building). This agreement on the determination of shares between the participants is aimed at streamlining property relations on a voluntary basis between the owners of joint property.
Step 2
Determine in the agreement between the parties by mutual agreement the share of each owner in a ratio convenient for all owners, the condition, procedure and method for the division of property, and also indicate the rules for using the property. An agreement on the determination of shares can be drawn up upon the allocation of the share of the heir (inheritance), upon dissolution of marriage - the division of the common acquired property of the spouses. Often this agreement is concluded between the owners of the apartment in the event that one of the owners of the common joint property wants to allocate his share for subsequent sale.
Step 3
Submit a claim to determine the share in court. It can be submitted by any of the owners of the joint property. This should be done in the event that at least one of the participants does not want to conclude an agreement on the determination of shares.
Step 4
Certify the agreement on the determination of the shares in the notary office, while the presence of all owners is required. Prepare for this the following documents: passports of the owners; title documents for real estate; certificate of the right to inheritance (when the share of the heir is determined). Any additions and changes to the agreement on the determination of shares must be certified by a notary. Then the right to share ownership should be registered with the state registration authority.
