Co-Ownership is a situation where two or more people share ownership of a property or asset. This arrangement allows individuals to pool their resources, making it easier to afford things like a house or a business. Each co-owner has a legal share in the property, which means they can benefit from any profits or value increases. In co-ownership, decisions about the property are typically made together, requiring good communication and cooperation. This can include everything from maintenance responsibilities to how profits are divided. It's important for co-owners to have a clear agreement to avoid misunderstandings and ensure a smooth partnership.