Under the parc riviera condo joint agreement of the lease, the owner has divided but equally shared with other owners and retain the right to defend. Joint tenancy requires more or less a blanket equal sharing among all partners: the entire property of their respective owners. Each parc riviera condo tenant has their signature on the property title, which, itself, will be clear that they are together and that every tenant retains possession. It is important to be clear on the conditions of parc riviera condo tenancy because if any conditions are not met, the agreement may even rent-in-common. Under the parc riviera condo tenancy arrangement, you can finish with mortgage share or sell your interest to one of the other parc riviera condo tenants or to other buyers outside of the original agreement. Be aware, though, that by selling or mortgaging your interest you may upset the original agreement and cause it to go back to the rent-in-common. There are also other forms of parc riviera condo ownership, including co-op arrangement – an agreement divided ownership where the owners can share common ownership percentage of the whole property but have exclusive ownership of certain parts. Co-op ownership brought right-of-sustaining benefits.
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