Document background
The Co-Ownership Agreement (Real Estate) is essential when two or more parties acquire joint ownership of real estate in Switzerland. This document becomes necessary in various scenarios, such as joint property investments, inheritance situations, or family property arrangements. It provides a detailed framework for managing the property, making decisions, sharing costs, and handling potential disputes under Swiss law. The agreement must comply with the Swiss Civil Code (ZGB) provisions on co-ownership (Miteigentum) and relevant cantonal regulations. It typically includes provisions for property management, maintenance responsibilities, decision-making processes, transfer of ownership shares, and dispute resolution mechanisms. This document is particularly important as it helps prevent future conflicts by clearly defining each co-owner's rights and obligations, especially in complex situations involving multiple owners or foreign investors subject to Lex Koller restrictions.
