How To Make A House In Common Ownership | The Property



The Property

How to make a house in common ownership

The total share ownership differs from the joint so that the share of each owner's property, including detached house, is clearly defined. In addition, own housing on the joint ownership can only spouses and common share - anyone, including complete strangers to each other people. The size of each owner of the property is reflected in the certificate of ownership of the premises.

How to make a house in common ownership

You will need:

- contract of sale of the house; - The agreement of common ownership; - Details of all property buyers for entering into a contract of sale of the house and the agreement of common ownership; - Technical documentation on the house.

Instruction how to decorate a house in common ownership

Step 1:

Ask the seller to the house, which is going to buy into common ownership, to include in the contract data of all customers. This surname, name and patronymic of each, passport data (series, number, when and by whom issued, the code issuing unit) and data of birth certificates of minors buyers.

Step 2:

Ensure the presence of all adult participants in the transaction from the buyer at the signing of the sales contract. If the number of participants there are minor enough presence of legal representatives, each with documents confirming their powers (birth certificate if this role are the parents, or proof of trustee rights).

Step 3:

Have to prepare a power of attorney in the name of any other party to the transaction of those who, for whatever reason, to be present at the signing of the contract of sale may not.

Step 4:

Sign the contract of sale with the participation of all buyers or their representatives.

Step 5:

Entered into a contract of share ownership on the house. Include the data of all the owners, a detailed description of the house on the basis of technical documentation on it and the size of the share of each of them. The law does not limit the determination of the amount of each share: how to arrange, for example, in proportion to the amount paid for the house each of the buyers, in equal shares by the number of owners or otherwise.

Step 6:

With the contracts of purchase and sale of house and share ownership at him, as well as technical documentation for a house, contact Rosreestr for registration for each owner of the certificate of ownership of the premises with an indication of the share belonging to him.