Undivided Interest

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1 Sections
1 Types

August 25, 2024 4 min read Definitions

Tenancy in Common: Ownership of Realty by Two or More Persons

Real Estate Legal Concepts Ownership Realty Undivided Interest Right of Survivorship Property Law

Tenancy in Common refers to a form of property ownership where two or more individuals hold undivided interests in a property without the right of survivorship. Each owner's share is bequeathed as per their will upon their demise.

August 25, 2024 3 min read Definitions

Undivided Interest: Shared Property Ownership

Real Estate Finance Undivided Interest Co-Ownership Tenancy in Common Property Rights Shared Ownership

An undivided interest represents an ownership right to use and possess property that is shared among co-owners, where no one co-owner has exclusive rights to any portion of the property.