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No. An undivided interest in property means that two or more persons own the real estate and each has the right to the use and possession of the entire property even if they own only a one-half undivided interest.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoUndivided interests implies that there is more than one owner. An undivided interest means you have the right to the use and possession of the whole property but when it is sold your portion of the net proceeds is only equal to your proportionate share.
If three people own property as tenants in common they each own a one-third undivided interest unless a different scheme is specifically set forth in their deed: one could own a one-half interest and the other two each a one-quarter. That would need to be recited in their acquisition deed.
Joint tenants must each own an equal interest that cannot be changed by any language in the deed. If there are two, they each own a one-half interest. If there are seven, they each own a one-seventh interest.
Undivided interests implies that there is more than one owner. An undivided interest means you have the right to the use and possession of the whole property but when it is sold your portion of the net proceeds is only equal to your proportionate share.
If three people own property as tenants in common they each own a one-third undivided interest unless a different scheme is specifically set forth in their deed: one could own a one-half interest and the other two each a one-quarter. That would need to be recited in their acquisition deed.
Joint tenants must each own an equal interest that cannot be changed by any language in the deed. If there are two, they each own a one-half interest. If there are seven, they each own a one-seventh interest.
Undivided interests implies that there is more than one owner. An undivided interest means you have the right to the use and possession of the whole property but when it is sold your portion of the net proceeds is only equal to your proportionate share.
If three people own property as tenants in common they each own a one-third undivided interest unless a different scheme is specifically set forth in their deed: one could own a one-half interest and the other two each a one-quarter. That would need to be recited in their acquisition deed.
Joint tenants must each own an equal interest that cannot be changed by any language in the deed. If there are two, they each own a one-half interest. If there are seven, they each own a one-seventh interest.
Undivided interests implies that there is more than one owner. An undivided interest means you have the right to the use and possession of the whole property but when it is sold your portion of the net proceeds is only equal to your proportionate share.
If three people own property as tenants in common they each own a one-third undivided interest unless a different scheme is specifically set forth in their deed: one could own a one-half interest and the other two each a one-quarter. That would need to be recited in their acquisition deed.
Joint tenants must each own an equal interest that cannot be changed by any language in the deed. If there are two, they each own a one-half interest. If there are seven, they each own a one-seventh interest.
Wiki User
∙ 15y agoAn undivided interest in property would be valued at its proportionate interest of the appraised value. For example, if you own an undivided one-quarter interest in property valued at $100,000 then the value of your interest would be one-quarter of the appraised value or $25,000. You could sell your share for $25,000 if you could find a willing buyer.
Wiki User
∙ 13y agoUndivided interests implies that there is more than one owner. An undivided interest means you have the right to the use and possession of the whole property but when it is sold your portion of the net proceeds is only equal to your proportionate share.
If three people own property as tenants in common they each own a one-third undivided interest unless a different scheme is specifically set forth in their deed: one could own a one-half interest and the other two each a one-quarter. That would need to be recited in their acquisition deed.
Joint tenants must each own an equal interest that cannot be changed by any language in the deed. If there are two, they each own a one-half interest. If there are seven, they each own a one-seventh interest.
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Can a person own a property without any undivided share of land?
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.
Can you sale your part of inherited undivided land in Texas if owned by myself and 3 sisters?
Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.Yes. If you can find a buyer who is interested in owning a one-quarter interest in land with your three sisters you can execute a deed transferring your interest. You might try to sell your interest to your sisters.
How can you leave your portion of undivided land in Texas to relatives?
I guess you would put it in your will. Because that's how you do stuff :)
Does a deed for a house include its contents?
No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.No. A deed transfers interest in the land and dwelling.
Do all undivided interest participants have to consent to one participant building a structure on the property?
It would be best but if one decides to build anyway and it is permenantly placed, the structure would fall under the interest that one has. ie if he owns 25% interest, that's all he owns of the structure and all he will get for it when/if sold. I don't think he can use the land as collatteral either. Not an attorney and not to be used as legal advice
When two own land by deed of gift can 1 person sell the land without telling the other person?
NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.
Can book value be lower then market value?
Yes definitely! And it is often the case that book value is lower than market value. Because financial statements are recorded under regulations, the accountants method of recording assets and liability take a conservative approach that differs form a finance point of view. That is accountants take the historical cost method to recording values of asset (book value), so if you were to purchase land in 1911 for say 100$ and assuming the business has been up and running for the past 100 years, the book value of the land will be kept at 100$. The book value will not change. However, over time, the value of the land has increased substantially, that is the market price of the land is much higher than the book value. Therefore, it is very much possible that the book value of something is lower than its market value, because accountants do not include/recognize gains until the asset is sold.
What if the beneficiary consent to the sale of property which is subject to a life interest?
A life estate, like any other interest in land has value. It can be sold or traded, or simply given up, if the holder so wishes.
Can you finance undeveloped land and for how long?
Sure. It's going to depend on the current and potential value of the land, plus the interest rate and mortgage terms that a lender is prepared to offer the buyer/borrower.
Can a person that owns 1 part out of 10 of a property make you sell the property if no one else wants to sell the land?
The other nine owners should buy out the interest of the one who wants to sell. The land should be appraised to determine the fair market value. That would be the fairest resolution. On the other hand, the one who wants to sell and get their cash value could file a petition to partition the land and the court may order that the land be sold. You can read more about partition at the related question link below.The least costly solution is to buy that 1/10 interest at a fair price.The other nine owners should buy out the interest of the one who wants to sell. The land should be appraised to determine the fair market value. That would be the fairest resolution. On the other hand, the one who wants to sell and get their cash value could file a petition to partition the land and the court may order that the land be sold. You can read more about partition at the related question link below.The least costly solution is to buy that 1/10 interest at a fair price.The other nine owners should buy out the interest of the one who wants to sell. The land should be appraised to determine the fair market value. That would be the fairest resolution. On the other hand, the one who wants to sell and get their cash value could file a petition to partition the land and the court may order that the land be sold. You can read more about partition at the related question link below.The least costly solution is to buy that 1/10 interest at a fair price.The other nine owners should buy out the interest of the one who wants to sell. The land should be appraised to determine the fair market value. That would be the fairest resolution. On the other hand, the one who wants to sell and get their cash value could file a petition to partition the land and the court may order that the land be sold. You can read more about partition at the related question link below.The least costly solution is to buy that 1/10 interest at a fair price.
With two people on a deed do they have equal share or can it be unequel?
When two or more people acquire land by deed their fractional interest is set forth in the deed. If the deed is silent, they each own an undivided equal share in the whole property. However, at the time of the purchase any fractional arrangement can be set forth in the deed. In that case the deed would need to specify the split. For example, the deed must recite that David will receive a one-quarter interest, Charles a one-quarter interest and Judith a one-half interest.
How can land deppreciate its value?
how can land deppreciate its value
