ownership

According to the Article 41 of the Constitution of Ukraine, everyone has the right

by their property, and the results of their intellectual creativity.

The Civil Code of Ukraine The Civil Code of Ukraine Article 316. Notion of property rights: "The right to property is the right of a

person to a thing (property), which it has under the law on their own, regardless of the will of others."

it is owner's possibility to be in direct relation to the actual thing based on the law.

Ownership must be understood as constant possibility of material relationship between owner and things.

This is possibility of extracting useful properties to meet the needs of the owner or others based on the law.

The right to use may belong not only owners but also other persons on the basis, inter alia, civil contracts or administrative acts.

Owner's right to determine the fate of his things based on the law.

Owner can destroy the thing, alienate it or pass temporary possession to others.

According to the Civil Code of Ukraine:

The subjects of private property rights are natural and legal persons;

They may be owners of any property, except for certain types of property that are under the law can not be in their ownership.

Composition, Composition, quantityquantity and and value of value of propertyproperty that can be owned by individuals that can be owned by individuals and entities are and entities are not limitednot limited..;

Limiting the size of land that can be owned by individuals and legal entities may be established by law.

Property which owned by two

or more persons

(owners) is theirs by right

of joint property.

Joint ownership is a kind of ownership which complicated by many subjects. Joint ownership is a legal form of association property of legal entities, state and local communities. Thus, the relationship in this case arise not only between owners and third parties, but also between co-owners.

Common share ownership is property right which have two or more physical and (or) legal entities. Particle size of each owner are defined in documents.

Determination of particles of each owner property governed under the Civil Code of Ukraine of 16.01.2003 № 435-IV (Civil Code of Ukraine).

Common property is joint ownership of two or more persons without defining each particle in ownership.