The Concept of Common Property at the Present Stage

Common property as a legal category of Russian law plays an important role in property relations with the participation of many persons — owners (civil law community). The paper examines the provisions of the Russian civil legislation concerning common property, in particular the owners of immovable property, adopted in order to implement the Concept of Development of Civil Legislation in 2009. In addition, dwells on the issues of common property of members of an investment partnership, peasant (farmer) unions and other corporate associations. The paper analyzes the concept of «common property» at the present stage and defines its characteristic features. Special attention is paid to the issue of the mixed nature of ownership of common property. The author explains the rights of owners in relation to common property, including property, managerial and information rights. The author substantiates a truncated possibility of implementing the classical triad of the rights of the owner (possession, use and disposal) in relation to the property in question. The paper examines the procedure for exercising the powers of the owner of common property, disposing of objects from the common property (including their transfer and alienation to third parties), as well as the consequences of violating the rights and legitimate interests of persons arising from transactions with common property. In conclusion, the author’s concept of common property is defined by referring it to the civil law community — the collective owner. The paper proposes approaches to the legal assessment of the content of the owner’s competence, possible areas of application of the category under consideration and the functional suitability of common property.