Document background
The Property Co-Ownership Agreement is essential for properties in Belgium where multiple parties share ownership rights and responsibilities. It is primarily used when establishing new co-ownership arrangements or updating existing ones, particularly in apartment buildings, mixed-use developments, or shared commercial spaces. The document must comply with Belgian Civil Code requirements and recent property law reforms, including the 2018 modifications to co-ownership regulations. It serves as the foundational document for property management, covering aspects such as ownership shares, common area management, financial contributions, and decision-making procedures. This agreement is particularly important given Belgium's complex regional property regulations and the need for clear governance structures in co-owned properties.
