Question

1. Ben, Carlos, and Denise inherited a commercial property from their parents. They decided to convert it into a condominium to maximize its potential income. They formed a co-ownership of the property and registered it with the Register of Deeds. However, disagreements arose regarding the management and administration of the condominium. Carlos wants to sell his share, while Ben wants to continue with the co-ownership. Denise suggests dissolving the co-ownership and converting the property into separate condominium units. Discuss the rights and obligations of the co-owners, as well as the legal options available to Carlos, Ben, and Denise.

2. Miguel, Juan, and Sofia purchased a residential property as co-owners. They agreed to equally divide the expenses for the maintenance and repairs of the property. However, Sofia failed to contribute her share, resulting in the inability to conduct necessary repairs. Moreover, Sofia occupied a larger portion of the property than what was originally agreed upon. Miguel and Juan are now seeking legal remedies to resolve the situation. Discuss the rights and remedies available to Miguel and Juan, and the legal implications of Sofia's non-compliance with her obligations as a co-owner.

3. Agnes, Bella, and Clara inherited a piece of land from their deceased father. They decided to develop it into a commercial complex and entered into a co-ownership agreement. Agnes contributed a higher capital compared to Bella and Clara, and therefore wants a larger share of the profits. Bella and Clara argue that since they are all co-owners, the profits should be divided equally among them. Analyze the rights and obligations of the co-owners concerning the division of profits, and the legal principles that govern the distribution of profits in a co-ownership.