Divided co-ownership, unlike un-divided co-ownership, is a term reserved for buildings which have 2 or more units residing at a single location with different civic address numbering. Most commonly this is seen in large condominium projects, where divided properties do not share a mortgage and are treated as independent to the rest of the building's residents while at the same time sharing common/private areas of the building among other residents of the same divided structure.
- Example: Think of a condo building with 100 units which are all exactly the same. If you were to purchase 1 of those condos, your 1 property would represent 1% of the ownership for that entire building. Your share percentage helps in determining the fees you pay towards maintaining the building. You would be allowed to use common areas and private spaces for which you pay a fee each month to maintain such services within the building.