At the sitting of the Human Rights and Civil Integration Committee, the MPs discussed the Amendments to the Civil Code of Georgia, which concerns the right of co-ownership.
With the introduction of additional remedies for the abolition of the common right in the bill, the commonly-owned item will be maximally protected from forced sale, in addition, by introducing the flexibility of in-kind division preconditions, the possibility for the court to resolve the issue more fairly increases.
"Obviously, co-ownership is a type of property and our goal is to increase the quality of protection of property rights with the submitted bill“, - Mikheil Sarjveladze stated.
The amendments give the court the power to postpone the revocation of the common right in specific cases for a period of not more than 3 years; In the case of real property, preference will be given to the price of the thing arising from the division and only then to its function.
Expenses incurred in kind are apportioned in proportion to their share of the parties.