Shared right's termination

( co-ownershipcessation) means that the joint (shared) ownership of several persons over one property ends, and the property is divided in such a way that each either receives separate ownership, or one of them becomes the sole owner.

Simply put:
👉 Previously, the property belonged to several people together
👉 After termination — it is either divided, or one person retains it fully

Howdoes it happenSharedrighttermination

1. By agreement

If co-owners agree:

  • The property is divided (e.g. land plot, apartment if technically possible)
  • Or one of them buys the shares of the others

2. Through courtprocedure

If no agreement is reached, one of them can file a claim and request the termination of the shared right. The court then decides:

  • Is it possible to divide the property in kind (actual division)
  • If not — the property is sold (at auction) and the amount is distributed according to shares
  • Or one co-owner is obliged to buy out the shares of the others