noun a form of ownership where two or more individuals jointly own a property or asset
adjective describing the type of ownership where ownership is divided among multiple parties
Shared ownership refers to a property ownership arrangement where multiple parties own a share of the property, typically through a leasehold or freehold agreement.
Shared ownership can also refer to a financial arrangement where multiple parties jointly own an asset or investment.
In business contexts, shared ownership can refer to joint ventures or partnerships where multiple entities share ownership of a business entity or project.
In legal contexts, shared ownership may involve agreements outlining the rights and responsibilities of co-owners of a property or asset.
Shared ownership models are often used in community development projects to provide affordable housing options for residents.
In the publishing industry, shared ownership can refer to multiple authors collaborating on a single piece of work or sharing the rights to a particular publication.
In the field of psychology, shared ownership may involve co-owning a private practice or sharing the responsibilities and decision-making in a group practice.
For real estate professionals, shared ownership typically refers to a situation where multiple parties own a property together, such as in a co-op or condominium arrangement.
In software development, shared ownership can refer to a collaborative coding environment where multiple developers contribute to and share ownership of a project's codebase.