It may be necessary or simply more interesting to buy a real estate to several. Therefore, different options exist. Each has advantages but your choice depends mainly on your situation.

One may want to acquire a second home with his cousins, his brother, or friends. One can also want to buy a real estate simply with two, with its children, or with its grandchildren. 

This choice of sharing can sometimes be the way to reduce the overall financial burden of a property acquisition. It can also be a solution to build up a family patrimony that is easily transmitted. In these two specific cases, two legal solutions exist: the purchase in joint ownership or the purchase through partnership.

To buy in joint ownership, you need two or more buyers and sign a contract. Each of the parties will become one of the co-owners holding a share of the joint ownership. Where the quota of each signatory of the contract is not specified, it shall be deemed to be equal. 

Otherwise, it will be proportional to the individual's financial contribution to the collective purchase. Co-owners can occupy the property together or separately, rent, sell it ... They simply have to agree with each other.

By: Shailaja K