What is the use of updating a declaration of co-ownership? | ScriptaLegal
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Frequently asked questions > Co-ownership/Condominium > Divided co-ownership > What is the use of the update of a declaration of co-ownership drafted before 1994?

What is the use of the update of a declaration of co-ownership drafted before 1994?

The update of a declaration of co-ownership drafted before 1994 allows the actual co-owners to minimize the problems of interpretation. The risks of conflicts between the co-owners and the directors will be so decreased.

The harmonious and peaceful relations between the co-owners create a pleasant living environment desired by all. To avoid that your legal relations with your co-owners are ambiguous, make sure that the documents which are acknowledging it are clear and specific.

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The update of a declaration of co-ownership also gives the opportunity to actualize and compile the by-laws of the immovable.

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