en

Joint ownership

ru

Translation joint ownership into russian

joint ownership
They have joint ownership of the property.
У них совместное владение этой собственностью.

Definitions

Joint ownership refers to a legal arrangement in which two or more individuals or entities share ownership rights over a property or asset, allowing them to jointly manage, use, and benefit from it. Each owner typically has an equal or specified share in the ownership and responsibilities associated with the asset.