Yes, with the exception of property owned as tenants by the entirety. The right to transfer an interest in property owned as a T by E varies in different jurisdictions and may create a complicated situation for the buyer where an interest can be transferred.
The idea of 'undivided' here means that each co-owner has the right to the use and possession of the whole property. That right to the use and possession of the whole property is what we call an undivided interest. If three sisters purchase a beach house together then each has the right to the use and possession of the property.
Generally, yes. If they can find a buyer who is interested in sharing the property with the co-owner. If the property is held as tenants by the entirety you should consult with an attorney in your jurisdiction to determine the consequences and whether a TBE can convey their interest. Deeds should always be drafted by a professional. Errors made by non-professionals can be costly to correct if they can be corrected.
Generally, yes. If they can find a buyer who is interested in sharing the property with the co-owner. If the property is held as tenants by the entirety you should consult with an attorney in your jurisdiction to determine the consequences and whether a TBE can convey their interest. Deeds should always be drafted by a professional. Errors made by non-professionals can be costly to correct if they can be corrected.
Generally, yes. If they can find a buyer who is interested in sharing the property with the co-owner. If the property is held as tenants by the entirety you should consult with an attorney in your jurisdiction to determine the consequences and whether a TBE can convey their interest. Deeds should always be drafted by a professional. Errors made by non-professionals can be costly to correct if they can be corrected.
Generally, yes. If they can find a buyer who is interested in sharing the property with the co-owner. If the property is held as tenants by the entirety you should consult with an attorney in your jurisdiction to determine the consequences and whether a TBE can convey their interest. Deeds should always be drafted by a professional. Errors made by non-professionals can be costly to correct if they can be corrected.
Generally, yes. If they can find a buyer who is interested in sharing the property with the co-owner. If the property is held as tenants by the entirety you should consult with an attorney in your jurisdiction to determine the consequences and whether a TBE can convey their interest. Deeds should always be drafted by a professional. Errors made by non-professionals can be costly to correct if they can be corrected.
Yes, by executing a quitclaim deed that transfers your interest to a new owner.
A life estate is based on a specific person's life. If they are not named in the life estate, they have no interest. They can claim the right to use the life estate as long as the individual is still living.
Anyone with an interest in the estate, heirs and those that are debtors of the estate can apply to open an estate.
Any one with an interest in the estate. Even a debtor can file to have an estate opened.
A person with a remainder interest can sell their interest. However, the property remains subject to the life estate until the life tenant dies or releases their life estate in writing.
no. One co-owner of real estate can only affect their own interest in the property.no. One co-owner of real estate can only affect their own interest in the property.no. One co-owner of real estate can only affect their own interest in the property.no. One co-owner of real estate can only affect their own interest in the property.
UFOlogists.
There are no exact statistics to answer your question but infants can inherit an interest in real estate through probate. That is not unusual.
I bet you can, as long as the buyer understands that "your interest" includes the honoring of the life estate. You can sell what's yours, and not what isn't, obviously.
Liking someone typically implies having positive feelings toward them, such as enjoying their company or personality. Having interest in someone suggests being intrigued by them and wanting to learn more about them, potentially romantically or platonically.
Can the remainder of a bare life estate transfers their remainder interest to another person while the life tenant is still alive.
If a person has an active real estate license, they also have a broker. Having a real estate license without placing it with a brokerage means the license is inactive. In selling his/her home, a person with an inactive license would have to disclose having a real estate license, and then do a For Sale By Owner. A person with no real estate license can sell a home as a FSBO.
No. When more than one person owns land they each own an undivided interest. That means they each have the right to the use and possession of the whole property even though they own a half interest. A sole owner would, of course, have the right to the use and possession of the property. They would acquire their interest by deed or by inheritance. Property ownership is by definition the right to the use and possession, and the right to leave the land to your heirs. If you do not have a will the property will pass to your heirs-at-law according to law. A person cannot own real property unless they have acquired an interest by deed or inheritance.