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Each co-owner shall have the full ownership of his part and of the fruits and benefits pertaining thereto, and he may therefore alienate, assign or mortgage it and even substitute another person in its enjoyment, except when personal rights are involved.
In the context of Philippine law, joint ownership of property involves multiple individuals holding a collective title to a piece of land. This arrangement is governed by the Civil Code of the Philippines, which outlines the basic framework and legal implications of such ownership.
Co-owner. Most of the time, if you own the rental property with one or more persons, the CRA considers you to be a co-owner. For example, if you own a rental property with your spouse or common-law partner, you are a co-owner. In some cases, if you are a co-owner, you have to determine if a partnership exists.
Legal Recognition of Unmarried Partnerships Under the principle of co-ownership, properties acquired by the couple through their work or industry during the union are presumed to be owned by them in equal shares.
Dual citizens enjoy the same property ownership rights as regular Filipino citizens, including the ability to own land without limitations. However, if they choose to run for public office, they must renounce their foreign citizenship.
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Contents Establishing the relationship between the parties. Determining the ownership percentage. Drafting the joint ownership agreement. Identifying the parties involved. Outlining the rights and obligations of each party. Defining the ownership structure. Creating a dispute resolution process.

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