Joint ownership of real estate (Mushea - properties registered under multiple owners without physical subdivision) is a common source of disputes. A Co-ownership Agreement is the best preventive tool.
What is a Co-ownership Agreement?
A co-ownership agreement is a contract regulating joint owners. It outlines physical usage rights (which owner gets which area), cost allocation, decision-making, and dispute resolution models.
Right of First Refusal and Sale Restrictions
A critical clause is regulating how an owner sells their share. Agreements typically define a "Right of First Refusal", giving active co-owners the option to buy out the departing partner under market terms.
Why registering the Agreement in Tabu is Mandatory?
An unregistered agreement binds only its original signatories. To give it full property standing that binds future buyers or heirs, **the co-ownership agreement must be registered in the Land Registry (Tabu)**.