What document outlines the rights of co-owners in a condominium?

The Declaration of co-ownership is the correct document that outlines the rights of co-owners in a condominium. This legal document is fundamental in defining the relationship between the different co-owners and the management of the condominium property. It specifies individual ownership rights, common areas, responsibilities, governance structures, and the rules that all owners must follow.

By detailing aspects such as each owner’s percentage of ownership, the allocation of expenses, and the decision-making processes for shared spaces, the Declaration serves as a crucial framework for ensuring smooth cohabitation and management among the owners. This is particularly important in a condominium setting, where collective interests must be balanced with individual rights.

In contrast, the other options serve different purposes. The Certificate of location is mainly a survey document that reflects the physical characteristics of the property but does not address ownership rights. The Deed of Sale relates to the transfer of ownership from one party to another and does not govern ongoing rights among multiple owners. Lastly, the Property management agreement typically outlines the relationship between the condominium's management and the board or owners, but does not define the fundamental rights and responsibilities of the co-owners themselves.