Sale of co-ownership shares in real estate
Code: OBMA00046
Question
I want to sell some land. In some cases I am not the sole owner, but only have co-ownership of the properties. What to look out for when selling?
The answer
When selling a co-ownership share, the co-owners have a right of first refusal (the exception is the sale to a person close to you - in particular a relative, sibling or spouse). If the co-owners cannot agree on exercising the right of first refusal, they have the right to redeem the share in proportion to the size of the shares.
If you want to avoid the (relative) invalidity of the purchase contract, you must offer the co-ownership share (at the same, especially price) conditions to the other co-owners.
Answer according to the current legal status valid on 01/08/2022.