What does co-ownership mean?
Co-ownership means sharing ownership of something, like a home, with other people. Everyone owns a portion (50/50 or split among several people) and shares the costs, use, and responsibilities.
In the case of a secondary home, co-owners might take turns using the home, split expenses like maintenance and taxes, and make decisions together about how the property is managed. Co-ownership gives people a way to enjoy a property they might not be able to afford on their own, while also sharing the upkeep and maximizing its use.
