What is the legal rule of real estate multipliness and how it works
The idea of having a property in most people seem unusually Legal rule of real estate multiproves It came to make this practice completely cold and organized. In Brazil, this system has been controlled by Law No. 13.777/8, which has amended the Civil Code and Public Records Act, setting clear rules to guarantee the legal accordance of the participants. With it, most people have the same property, but with specific rights of use of use.
What is Real Estate Multipurpose?
Real Estate Multipropination is a method of sharing the property of many people, but everyone has the right and unique pleasure to use for a certain period of time. Where the responsibilities and rights are not usually defined as a model of regular co-ownership, it clearly defines multirity time fractions and establishes the rules for the use, management and partition. This arrangement brings benefits to those who want to have property in particular, but do not want to pay the total cost of the property.
This practice is controlled by Law No. 13.777/201, which provides a legal basis for creating personal time fractions, the rights of each owner are respected and can be marketed or transferred if desired fractions. The registration and formalization process makes multiplication reliable solution to investors and those who want to enjoy the property without facing the overall cost of their purchase.
How does a multiprating regime works
Established by multiprortanance contract, which may be Private device Or the public deed, and register in the Real Estate Registry Office. This ensures that the fractions of the time and the rights of multipropria are properly symbolic and protected. Each time can change according to the established agreement, which provides flexibility to earners and already owned property.
The unique use of the property is one of the fundamental rights of multiproprias. During their fraction period, everyone has full access to the property and can use it as you want, without interfering with other coponies. However, responsibilities are also shared. The cost of operating property such as payment, cleaning, safety and other services of condominium fees should be divided into multiprialists, as established at the condominium conference.
Benefits of Multipropy
The main feature of the multiproperation is its Intrigue. The property cannot be physically divided between the owners, but the use is maintained into temporary fractions, which makes the model much more practical than the true partition. In addition, the inclusion of equipment and furniture intended for partnership use provides the same as the second residence without the purchase and maintenance costs of each owner.
This model is very beneficial for those who are looking to have property in a tourist spot like a beach house or holiday apartment, without bearing the total purchase costs. The Multiputic System, in addition to confirming legal conclusion, provides an interesting alternative to those who want to enjoy the property at times a year, but without the responsibilities of complete possession.
Generally, the legal rule of Real Estate Multipurement allows many to take over the property, with the right of specific use in a predetermined period. Legal formalization guarantees the opportunity to discuss legal formalization and time fractions through contracts recorded in the Real Estate Registry Office. With flexibility to employers, this system provides an affordable solution for those who want to have a vacation property or partnership real estate investment.
