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Yes. A person who owns 100% interest in property can convey any fractional interest to one or more people. A person who owns a fractional interest in property can convey that interest. An undivided interest means that anyone with a fractional interest in the property has the right to the use and possession of the whole property. If that property is sold or partitioned they are entitled to their fractional share in the net proceeds. If they die their heirs are entitled to their fractional share unless it is owned by the right of survivorship.
Just remember that deeds should always be drafted by an attorney who can explain the options, explain the consequences and draft a proper deed for your jurisdiction. Errors made by non-professionals can be costly to correct if they can be corrected and once the owner signs a deed they cannot undo it.
Yes. A person who owns 100% interest in property can convey any fractional interest to one or more people. A person who owns a fractional interest in property can convey that interest. An undivided interest means that anyone with a fractional interest in the property has the right to the use and possession of the whole property. If that property is sold or partitioned they are entitled to their fractional share in the net proceeds. If they die their heirs are entitled to their fractional share unless it is owned by the right of survivorship.
Just remember that deeds should always be drafted by an attorney who can explain the options, explain the consequences and draft a proper deed for your jurisdiction. Errors made by non-professionals can be costly to correct if they can be corrected and once the owner signs a deed they cannot undo it.
Yes. A person who owns 100% interest in property can convey any fractional interest to one or more people. A person who owns a fractional interest in property can convey that interest. An undivided interest means that anyone with a fractional interest in the property has the right to the use and possession of the whole property. If that property is sold or partitioned they are entitled to their fractional share in the net proceeds. If they die their heirs are entitled to their fractional share unless it is owned by the right of survivorship.
Just remember that deeds should always be drafted by an attorney who can explain the options, explain the consequences and draft a proper deed for your jurisdiction. Errors made by non-professionals can be costly to correct if they can be corrected and once the owner signs a deed they cannot undo it.
Yes. A person who owns 100% interest in property can convey any fractional interest to one or more people. A person who owns a fractional interest in property can convey that interest. An undivided interest means that anyone with a fractional interest in the property has the right to the use and possession of the whole property. If that property is sold or partitioned they are entitled to their fractional share in the net proceeds. If they die their heirs are entitled to their fractional share unless it is owned by the right of survivorship.
Just remember that deeds should always be drafted by an attorney who can explain the options, explain the consequences and draft a proper deed for your jurisdiction. Errors made by non-professionals can be costly to correct if they can be corrected and once the owner signs a deed they cannot undo it.
What else can I help you with?
Can a loan be taken out on an undivided interest in property?
Theoretically, yes. However, it is unlikely you would find a lender willing to loan you money on less than a full interest such as a one half share in the property. When a lender loans money secured by real estate, it wants to be able to take possession of the the property by foreclosure if the mortgage isn't paid. If only one co-owner signed a mortgage the lender can only take their interest in the property. In order for a lender to be able to foreclose and take possession of the property, all owners must sign the mortgage.
When a bonds stated interest rate is less than the market interest rate is it at a discount or premium?
When a bond's stated interest rate is less than the market interest rate, it is sold at a discount. This is because investors are less willing to pay the full face value for a bond that offers lower returns compared to prevailing rates. As a result, the bond's price falls below its par value to make it more attractive to potential buyers.
After the full moon you see less and less of the sunlit side?
After the full moon, we see less and less of the sunlit side.
Do I have to report bank interest less than 10 on my taxes?
No, you do not have to report bank interest less than 10 on your taxes.
How do I report interest less than 10 on my taxes?
If the interest you earned is less than 10, you do not need to report it on your taxes.
What are Pros and cons for paying cash for a car purchase or getting a loan?
Paying cash you pay less since no interest & you do not have to have full coverage insurance which saves more money.
Can a buy here pay here car dealer charge you interest?
This is on a car, and you are not paying the balance of the price of the car in full, then yes. You are buying on installments. It is common financial practice and has been for about the past three thousand years to charge interest. Legal, ethically, and morally they can charge you interest. Where it becomes still legal but less ethical or moral is the amount of interest they charge you.
After the full moon we see less and less of the sunlit side this is called?
After a full moon as we see less and less it's called a waning moon
If i want to pay off my home faster will it help me pay less interest on the loan if i make extra payments cumulative less interest or will it be nearly the same interest rate?
If you pay your home off faster than the note, you will pay less interest. The interest will accumulate at the same rate (your rate was set when you signed your note), but you will pay less money towards interest in the end. If you pay your house off in 15 years rather than 30, you will save 15 years worth of interest.
How simple interest and compound interest affect investment exercises?
Compound interest gives you more, but at a low interest rate (less than 10%), the difference is negligible.
if my interest and dividend are less than $600 must I file in PA?
if my interest and divident are less that $600 and I have no income must I file PA state income tax.
How does a bank make most of its profit on it business?
By paying out less in interest on deposits than it earns in interest on loans
