EXIT FROM UNDIVIDED OWNERSHIP OF JOINT HEIRS. WAYS AND MEANS
EXIT FROM UNDIVIDED OWNERSHIP OF JOINT HEIRS. WAYS AND MEANS

Summary/Abstract: Periodic property is a legal institution newly introduced by the adoption of the Civil Code [1], being found in the contents of articles 687-692. It can be seen as a form of property right in which each holder exercises in his own name and personal interest the prerogatives of his property right for specific periods, which are repeated successively and perpetually, at regular intervals, involving at least two holders, natural or legal persons. Periodic ownership is not to bse confused with joint ownership, as in periodic ownership each holder exercises the right of ownership alone and there are several owners of the same property and not several co-owners of the same property. [2] Like any facet of property rights, it covers moments of its division, moments of the creation of new resulting real rights and moments when it ceases to exist in its original form. The study will set out the ways and means by which periodic ownership ceases, transforming/returning to its basic form.

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