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Principles of the Joint Ownership Provisions

Some Principles of the Joint Ownership Provisions According to UAE Civil Transactions Act issued by the Federal Law No (5) of 1985 And amended by Federal Law No (1) of 1987 Written by the Legal Counselor: Hussain Mohammed Aref Hussain Definition: Joint ownership is concerned with a specific property owned by more than one person due to any acquisition grounds and the shares of the co-owners vary according to the source of said ownership. Inheritance represents the most common source of ownership as upon the death of any bequeather with various heirs, a joint property is transferred to those heirs … Continue reading Principles of the Joint Ownership Provisions