CoDominium

Imagine you and your friend have to share a toy. You both want to play with it at the same time, but you can't because there's only one. Your parents come up with a solution - they suggest that you share the toy equally, and take turns playing with it. This is exactly what happens in a codominium.

A codominium is a type of property ownership where two or more people own the property together, and they have equal rights to use it. It's like having two or more people share a toy, and each person gets to play with it for an equal amount of time.

Let's say you and your friend buy a house together. You both have equal rights to use the house, but you also have equal responsibilities. This means you both have to pay the mortgage, property taxes, maintenance costs and any other expenses associated with owning a home. You also have to both agree on any renovations, repairs or changes to the house.

Just like with sharing a toy, it's important to communicate and work together in a codominium. You and your friend have to be respectful of each other's rights, and you have to work out any disagreements or conflicts that may arise.

In summary, a codominium is like sharing a toy with a friend. Just like with sharing a toy, you and your friend have to work together, communicate and be respectful of each other's rights in a codominium.