Bound joint ownership (Gesamthandseigentum)

In case of bound joint ownership (Gesamthandseigentum), two or more persons jointly hold one or more assets jointly and unidivided, e.g. as co-heirs. In contrast to assets held in tenancy in common (Bruchteilseigentum), no co-owner can dispose of his interest in a particular asset bound in this way without the consent of all other co-owners. However, each co-owner may transfer his share in the community. If one of the joint owners dies, his interest generally forms part of such person`s estate (Nachlass).