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Co-ownership is a legal concept in a business where two or more co-owners share the legal ownership of property. For the concept of co-ownership in different legal codes, see: Concurrent estate, for co-ownership in the common law system; Co-ownership (association football), for co-ownership of a player in association football (compartecipazione ...
If any joint co-owner deals in any way with a property inconsistent with a joint tenancy, that co-owner will be treated as having terminated (sometimes called "breaking") the joint tenancy. The remaining co-owners maintain joint ownership of the remaining interest. The dealing may be a conveyance or sale of the co-owner's share in the property.
Equity sharing is another name for shared ownership or co-ownership. It takes one property , more than one owner, and blends them to maximize profit and tax deductions . Typically, the parties find a home and buy it together as co-owners, but sometimes they join to co-own a property one of them already owns.
An alternative form of ownership, popular in parts of the U.S. but found also in other common law jurisdictions, is housing cooperative, also known as "company share" or "co-op". A Housing Cooperative is where the building has an associated legal company and ownership of shares gives the right to a lease for the residence of a unit. [ 53 ]
Buy–sell agreement can be in the form of a cross-purchase plan or a repurchase (entity or stock-redemption) plan. For greater neutrality and effectiveness of the buy–sell arrangement, the service of a corporate trustee is recommended. Profit or loss from a buy-sell agreement may trigger tax conquencess and taxable income. [2]
For a co-ownership to be set, a player needed to be signed to a team and have at least two years left in their contract. It worked as a regular transfer, except that the selling club would keep the aforementioned participation rights, i.e. the rights to 50% of the player's value. Unless the deal was terminated early by mutual agreement between ...