Ownership management and termination
Ownership management and termination
Management of the commons
The joint ownership of a right by several persons places them in legal relations in relation to the use and management of the common thing.
Management includes actions to maintain the thing in good condition so that it can be used according to its intended purpose. Each of the co-owners can use the thing without preventing others from using it, they can ask for necessary expenses to be incurred for its saving. When there is consent, problems regarding the use and management of the common property usually do not arise. But often the interests of co-owners come into conflict. In these cases, the law empowers the majority of co-owners to make a decision, but it is not obliged to manage the common property. This majority is not a plow for management, since the co-ownership is neither a civil society nor a legal entity. Therefore, if the majority did not decide, the individual owner could not seek compensation from the majority for damages.
Attorney at law Iuila Danova
#3, Dobrotica Str., Varna, Bulgaria
Mob: +359 895 64 59 40
WWW: advokatvarna.com
Email: iulia.danova@abv.bg