How does undivided interest apply to joint ownership of real estate?

Answer 1

Undivided interest means that each owner has the right to the use and possession of the entire property and one owner cannot divide the property so as to own their half, for example, as a separate portion.

Answer 2

An undivided interest in real property means that you have the right to the use and possession of the whole property even though you own only a proportionate interest. In practical terms your proportionate interest would come into play under certain circumstances.
If the property generates income you would be entitled to receive half of the net proceeds. If you are a half owner and the property is sold, you would receive 50% of the net proceeds. If there was a disagreement and the property was partitioned by a court order you would receive half of the net proceeds of a sale after legal expenses.

If you owned the property as a tenant in common and you died during your period of ownership your heirs or devisees would inherit a 50% undivided interest in the property. If you owned the property with another person as joint tenants the other person would automatically own the property if you died.

The 50/50 split is an example only. When property is conveyed to two people and the deed is silent as to percentage owned by each then they each own one-half. However, a deed may grant unequal shares and the parties will hold as tenants in common. For example, in a 20/80 split, both grantees would have the right to use and possession of the whole and the proceeds would be split as in the examples above by using a 20/80 formula.

Answer 3

6 owners on undivided interest we sell , is that divided between 6