DEFINITION:
(1)
As a manifestation of
ownership, co-ownership is that form of ownership which exists whenever an
undivided thing or right belongs to different persons. It is one aspect of
ownership.
(2)
As a right, it has been defined
as the right of common dominion which two or more persons have in a spiritual
or ideal part of a thing which is not materially or physically divided.
REQUISITES
OF CO-OWNERSHIP
(1)
There must be a plurality of
owners
(2)
The object of ownership must be
a thing or right which is undivided
(3)
Each co-owner’s right must be
limited only to his ideal share of the physical whole
CHARACTERISTICS
OF CO-OWNERSHIP
(1)
There are 2 or more co-owners
(2)
There is a single object which
is not materially or physically divided and over which and his ideal share of
the whole, each co-owner exercises ownership, together with the other
co-owners;
(3)
There is no mutual
representation by the co-owners;
(4)
It exists for the common
enjoyment of the co-owners;
(5)
It has no distinct legal
personality;
(6)
It is governed first of all by
the contract of the parties; otherwise, by special legal provisions, and in
default of such provisions, by the provisions of Title III on Co-ownership.
SOURCES
OF CO-OWNERSHIP
(a)
By law
(b)
By contract
(c)
By chance
(d)
By occupation or occupancy
(e)
By succession or will
KINDS
OF CO-OWNERSHIP
(a)
From the viewpoint of subject
matter:
1.
Co-ownership of an undivided
thing
2.
Co-ownership of an undivided
right
(b)
From the viewpoint of source:
1.
Contractual co-ownership
2.
Non-contractual co-ownership
(c)
From the viewpoint of the
rights of the co-owners:
1.
Tenancy in common
2. Joint tenancy
CO-OWNERSHIP
DISTINGISHED FROM JOINT OWNERSHIP
|
OWNERSHIP IN
COMMON / TENANCY IN COMMON |
JOINT
OWNERSHIP / JOINT TENANCY |
Ownership of
share |
involves a physical whole BUT there is an IDEAL
(abstract) division; each co-owner being the owner of his own ideal share |
also involves a physical whole BUT there is no IDEAL
(abstract) division; each and ALL of them own the WHOLE thing |
Disposition of
shares |
Each co-owner may dispose of his ideal or undivided
share (without boundaries) WITHOUT the other’s consent |
Each co-owner may not dispose of his own share
without the consent of ALL the rest, because he really has NO IDEAL share. |
Effect of
death |
If a co-owner dies, his share goes to his own heirs. |
If a joint-tenant dies, his share goes by accretion
to the other joint-tenants by virtue of their survivorship or jus accrecendi |
Legal
disability or incapacity |
If a co-owner is a minor, this does not benefit the
others for the purpose of prescription, and prescription therefore runs
against them. |
If one joint-tenant is under a legal disability
(like minority), this benefits the other against whom prescription will not
run. |
CO-OWNERSHIP
DISTINGUISHED FROM PARTNERSHIP
|
CO-OWNERSHIP |
PARTNERSHIP |
Creation |
may be created without the formalities of a contract |
GR: can be created only by contract, express or implied XPN: conjudal partnership |
Personality |
has no juridical or legal personality |
Has juridical personality distinct from partners |
Purpose |
the purpose is the collective enjoyment of the thing
(or right) |
To obtain profits |
Disposal of
share |
A co-owner can dispose of his share without the
consent of the others with the transferee automatically becoming a co-owner |
A partner, unless authorized, cannot do so and
substitute another as a partner in his place |
Mutual agency |
there is generally no mutual representation |
a partner can generally bind the partnership |
Distribution
of profits |
the distribution of profits must be proportional to
the respective interests of the co-owners |
the distribution of profits is subject to the
stipulation of the partners |
Effect of
death or incapacity |
Not dissolved by the death or incapacity of a
co-owner |
Death or incapacity of a partners of a co-owner |
Duration |
an agreement to keep the thing undivided for a
period of more than ten years (although it may be extended by a new
agreement) is void |
there may be agreement as to any definite term
without limit set by law. |
CO-OWNERSHIP
DISTINGUISHED FROM CONJUGAL PARTNERSHIP
CO-OWNERSHIP |
CONJUGAL PARTNERSHIP |
May arise by an ordinary contract |
Arises only because of the marriage contract |
Sex of the co-owners is immaterial |
One must be a male, the other a female |
Co-owners may be 2 or more |
Conjugal owners are always only 2 |
Profits are proportional to respective interests |
Profits are generally 50-50 unless a contrary
stipulation is in the MS |
Death of one does not dissolve the co-ownership |
Death of either husband or wife dissolves the
conjugal partnership |
Generally all the co-owners administer |
Generally, the husband is the administrator |
Co-ownership is discouraged by law |
Encouraged by law to provide for better family
solidarity |
CO-OWNERSHIP
DISTINGUISHED FROM EASEMENT
CO-OWNERSHIP |
EASEMENT |
There is in each co-owner aright of dominion over
the whole property and over his undivided share |
A limitation on the right of dominion |
The right of ownership rests solely on each and
every co-owner over a single object |
The right of dominion is in favour of one or more
persons and over two or more different things |
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