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With two people on a deed do they have equal share or can it be unequel?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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What a business partner can do in his own business bynlow?
It depends upon the partnership deed you have made. If no partnership deed is in its place then the share is equal of profit and rules and regulations depend upon the country you are living in.
Is their a special quit claim deed for time share?
Is there a special form for a quit claims deed for a time share, and how do you file
How do you get revalidation of an equity share transfer deed?
No comment
What is meant by partnership deed?
A partnership deed conveys real property to members of a registered partnership. The partners each own an equal interest. It creates a joint tenancy between the partners. If one dies their share in the property automatically passes to the surviving partners.
Do you need your daughters signature to add your sons name on property if she is also on the deed?
If you and your daughter own property then you each own a 1/2 share. You both must sign a deed in order to give your son an equal share. If you and your daughter execute a deed to you, your daughter and your son each will own a 1/3 share.You can transfer your own interest to your son, or a percentage of your interest. For example, you could transfer your 1/2 share to him or half of your share which would be 1/4. Your own deed will not affect your daughter's interest.In any case, deeds should always be drafted by a professional. Errors made by non-professionals can be difficult and costly to correct and can result in a cloud on the title. You should think through exactly what you want to do and then hire an attorney to draft a proper deed.If you and your daughter own property then you each own a 1/2 share. You both must sign a deed in order to give your son an equal share. If you and your daughter execute a deed to you, your daughter and your son each will own a 1/3 share.You can transfer your own interest to your son, or a percentage of your interest. For example, you could transfer your 1/2 share to him or half of your share which would be 1/4. Your own deed will not affect your daughter's interest.In any case, deeds should always be drafted by a professional. Errors made by non-professionals can be difficult and costly to correct and can result in a cloud on the title. You should think through exactly what you want to do and then hire an attorney to draft a proper deed.If you and your daughter own property then you each own a 1/2 share. You both must sign a deed in order to give your son an equal share. If you and your daughter execute a deed to you, your daughter and your son each will own a 1/3 share.You can transfer your own interest to your son, or a percentage of your interest. For example, you could transfer your 1/2 share to him or half of your share which would be 1/4. Your own deed will not affect your daughter's interest.In any case, deeds should always be drafted by a professional. Errors made by non-professionals can be difficult and costly to correct and can result in a cloud on the title. You should think through exactly what you want to do and then hire an attorney to draft a proper deed.If you and your daughter own property then you each own a 1/2 share. You both must sign a deed in order to give your son an equal share. If you and your daughter execute a deed to you, your daughter and your son each will own a 1/3 share.You can transfer your own interest to your son, or a percentage of your interest. For example, you could transfer your 1/2 share to him or half of your share which would be 1/4. Your own deed will not affect your daughter's interest.In any case, deeds should always be drafted by a professional. Errors made by non-professionals can be difficult and costly to correct and can result in a cloud on the title. You should think through exactly what you want to do and then hire an attorney to draft a proper deed.
Trust deed leaves property to 4 adult children and Both parents have now passed away What if one of the four die Where does their share go?
If the deed is silent, the decedent's share passes to the decedent's estate (to the decedent's heirs, if no Will, or beneficiaries, if there is a Will). If the deed is silent, the decedent's share passes to the decedent's estate (to the decedent's heirs, if no Will, or beneficiaries, if there is a Will).
Can cosigner sell the house?
Only the owner by deed can sell the property. If two people are on the deed both must sign the new deed in order to sell the property.Only the owner by deed can sell the property. If two people are on the deed both must sign the new deed in order to sell the property.Only the owner by deed can sell the property. If two people are on the deed both must sign the new deed in order to sell the property.Only the owner by deed can sell the property. If two people are on the deed both must sign the new deed in order to sell the property.
Does each tenant in a tenancy in common own an equal share?
Yes. Unless there is another scheme set forth in the deed. For example, suppose land was conveyed to Bill, Chris and Glen as tenants in common. Each has the right to the use and possession of the whole property. If the property is sold or partitioned each will receive one-third of the proceeds. If one dies, their interest will pass according to their will or to their heirs-at-law under the state laws of intestacy if there is no will.A tenancy-in-common deed could also specifically provide that Bill receives a one-half share, Chris a one-quarter share and Glen a one-quarter share. However, if particular interests are not mentioned in the deed then they each will acquire an equal share.The situation changes in the case of a joint tenancy with the right of survivorship. In that case each co-owner must own an equal share in order to create the joint tenancy and when on dies their interest automatically passes to the surviving joint tenants with no need of probate.
Can the husband rent the house if he has the mortgage in just his name if they both share the deed of trust?
Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.
What is a survivorship exempt deed?
A survivorship exempt deed is a deed that conveys property in the names of multiple people. This type of deed is exempt from tax reassessment.
What does a tenant in common deed look like?
When two or more people purchase land, they can own it as 'joint tenants' or as 'tenants in common'. If they own it as joint tenants, they each own an equal share of the property. If one joint tenant dies, his/her share is extinguished and the remaining joint tenant(s) is/are the owner(s). The share of the deceased joint tenant does not become part of his/her estate. A husband and wife will usually own a property as joint tenants. If they own it as tenants in common, the share owned by each does not have to be equal. If one tenant in common dies, that share of the property becomes part of the estate of the deceased tenant in common. Usually the deed itself will state that the owners are either joint tenants or tenants in common.
If you are on the deed how much are you entitled to if the house is sold in New York State?
Depends on how the deed is written. In general it would be a proportionate share to the number of persons on the deed. If there are two names, you would be entitled to half of the proceeds after all liens and mortgages are cleared.
