In Turkey, a property can be owned by one or more persons Joint Ownership (paylı mülkiyet in Turkish): Article 688 of Civil Code regulates the joint ownership. Joint ownership exists where several persons own a share in a real estate which is physically undivided. Unless otherwise stipulated, they are joint owners, each having equal shares. Each owner has the rights and obligations of ownership in respect of his or her share in the real estate, and the said share may be alienated and pledged by him or her or distained by his or her creditors. Co-ownership (elbirliği ile mülkiyet in Turkish): Article 701 of the Civil Code regulates the concept of co-ownership. Co-ownership exists where none of the co-owners can dispose of his or her share without the consent of the others and none of them holds a separate part of the real estate. Unless otherwise stipulated by law, co-owners must unanimously decide for management and disposal transactions. As long as the co-ownership lasts, no separation can be made and no one can dispose of a share. Condominium Ownership (kat mülkiyeti in Turkish): As per Turkish Condominium Law (“TCL”), condominium ownership is a particular type of ownership on a terrain, which is suitable for separate utilization of multiple divided units as real estate and as savings depending on the land share. It is a private ownership relevant to the land share and to the common areas within the main real estate. According to TCL, independently usable units such as flats, apartments, offices, shops, stores, cellars, storages can be made subject to independent ownerships although constructed over a unified land or building ownership right over the real estate.