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Generally that means you have the right to the full use and possession of the land along with the other six owners. You are responsible to pay one seventh of the property taxes and maintenance costs. If it is rented or sold you will be entitled to one seventh of the net proceeds.
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What does it mean to have an interest in property?
That means you own a right in the property or have an ownership of the property in part or in whole.
What does it mean if a seller owns a freehold interest in a property and an under leasehold interest?
freehold n. any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety).
Who is deeded owner?
That would mean a property owner who acquired their interest in the property by virtue of a deed.
What does it mean when someone says they will deed their interest in the property?
That means they own an interest in real property and they will execute a deed that transfers their interest to a new owner. The proper way to express that transaction is they will "convey" their interest by deed.
What does this mean have you ever held an interest in residential land?
Owned property.
What does interest fee mean?
it means you have to pay a fee for having aloan.
What does listlessly mean?
having no interest in something or indifferent towards something. its an adjective.
What do you mean by saving?
I think what they mean is interest income earnt from having money saved in a savings account.
What does if your home is on more than one title mean?
Having your home on more than one title means that the property is jointly owned by multiple individuals. Each owner has a legal interest in the property, and their names will appear on the title documents. This can complicate matters when making decisions about the property or if one owner wants to sell their share.
What does solvency mean?
It means being 'solvent' - or having money or valuable property
What does PRICE mean in trainer terms?
The property of having material worths Your welcome
What does divided interest mean as far as property goes when a father gives two children property but he has a liftime dowery?
Say that a married couple own a house together. They have what is called equal and undivided interest in the property. They each have full interest, but they can't say: "Joe owns the den and garage, and Mary owns the closets and bathrooms". They each own all of it. Divided interest is where various parts of property go to separate individuals.
