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this is a discussion on co-ownership as provided under articles 484 to 501 of the new civil code article 484 there is co-ownership whenever the ownership of an undivided thing or right belongs to different persons in default of contracts or of special provisions co-ownership should be governed by the provisions of this titan co-ownership is that state where an undivided thing or right belongs to two or more persons co-ownership is the right of common dominion which two or more persons have in a spiritual or ideal or alike part of a thing which is not physically divided in co-ownership there is only one ownership but it is shared ownership each co-owner owns a fractional or an ideal part of the object but they cannot point to a specific part of the object co-ownership is not encouraged since it is very unwieldy it is easy to have disagreements between or among co-owners the following are the sources of co-ownership number one by law number two by contract number three by chance number