International Law

There have been co-ops, condos and co-signers -- and now, there are co-hos.

The term, coined by Time magazine, refers to communal homeowners or people who own property together but who are not couples, rather relatives, friends or acquaintances.

For some, co-ownership is an opportunity to climb onto the property ladder; for others, it's a matter of social connection. The benefits -- getting more for your money, having companionship, creating less of an environmental impact, sharing chores and resources -- are perhaps more obvious than the cautions. But there are important social, financial and legal matters to consider before proceeding.