noun a person who shares ownership of a property with one or more other individuals
A coproprietor is a person who owns property jointly with one or more other individuals.
Coproprietorship may be relevant in cases of divorce or inheritance involving shared assets.
Coproprietorship may come into play when planning the distribution of assets in a will or trust.
In property law, a coproprietor is a co-owner of a property with specific rights and responsibilities.
In a business partnership, partners may be considered coproprietors of the business assets.
In a condominium setting, each unit owner is considered a coproprietor of the common areas.
In states with community property laws, spouses are often considered coproprietors of marital property.
A coproprietor is a term used in real estate to refer to one of the joint owners of a property, typically in a condominium or co-op setting.
In legal contexts, a coproprietor is someone who shares ownership of a property with one or more other individuals. This term may come up in cases of property disputes or estate planning.
For accountants, coproprietorship refers to a form of business ownership where two or more individuals share ownership of a company or business venture.