Selling a share of a house - what Ukrainians need to know.

Ukrainian laws allow for the sale of a part of a house if it was acquired through inheritance, donation, purchase, or division of joint property. However, this does not mean that the process will be easy. It all depends on the form of ownership and cooperation among co-owners.

There are two types of joint ownership in Ukraine: joint partial ownership, when each person owns a clearly defined share, and joint joint ownership, when shares are not delineated. In the first case, the sale is simpler, while in the second case, the issue of the share will need to be resolved through the courts.

The editorial team of Novyny.LIVE explains how to properly sell a part of a house, what difficulties may arise, and how to overcome them to ensure the transaction is legal and beneficial.

How the preemptive right of co-owners works

Before selling, the owner must inform other co-owners of the intention to sell the share, indicating the price. Others have a month to decide on their participation in the purchase. If no one wants to buy, all must sign a waiver of the purchase.

In cases where other co-owners do not respond, one can try to officially notify them via letter. If there is no response within a month, one can begin the sale process, but there is a risk of court appeals.

How to avoid legal disputes when selling

It is more convenient to coordinate all actions with other co-owners before selling part of the house. In case of difficulties with contacts, one can turn to a lawyer for assistance. It is also important to have the necessary documents and to conduct an evaluation of the share.

When using the method of donation, there are restrictions such as tax payments and the need to assess market value. The only advantageous case is donating to relatives or trusted persons.

What real estate experts advise

Real estate agents recommend acting officially, even when it comes to relatives or acquaintances. Official correspondence can avoid many disputes in the future.

'If at least one co-owner did not receive proper notification, any agreement may be deemed invalid', emphasizes expert Olena Hvozdieva.

Explanations regarding the sale of a share of a house in Ukraine have sparked significant interest among citizens. Legislation provides for the possibility of selling a part of a house, but it is important to consider the form of ownership and cooperation among co-owners in the process, as well as to adhere to laws regarding notifications and agreements with other owners to avoid legal disputes. Experts recommend timely and official resolution of all issues related to the sale of a part of a house to prevent unpleasant situations in the future.