In a co-ownership situation, what are co-owners allowed to do without the permission of the other?

In a co-ownership situation, a co-owner is allowed to mortgage their individual interest in the property without needing the consent of the other co-owners. This is because each co-owner has a distinct ownership interest in the property, which allows them to engage in transactions concerning their own share.

Mortgaging an interest means that the co-owner can use their share of the property as collateral for a loan. This action does not affect the co-ownership arrangement as a whole, as the mortgage pertains solely to the interest of that specific co-owner. Consequently, they can undertake this financial obligation independently, without requiring permission from the other parties who hold ownership stakes.

In contrast, actions such as selling an interest to third parties, altering property boundaries, or making improvements to the property typically require cooperation and agreement among all co-owners to ensure that the rights and interests of everyone involved are respected and protected.