Title to property owned by two or more persons, none of whom are entitled to claim or possess any specific part.
The ownership interest acquired, typically as a pro rata share, in the common elements of a condominium or planned unit development. The owners have full use of the common elements but cannot border their interest from any other owner of the same development. Undivided interest carries with it the responsibility of maintaining a homeowners association along with some form of monthly dues or assessments.
the interest in property owned by tenants whereby each tenant has an equal right to enjoy the entire property
a portion of an entire interest in a property
The interest or right in property owned by each joint tenant or tenant in common. Each tenant has equal right to use and enjoy the entire property. Unless an agreement to the contrary exists, each tenant is entitled to an income share proportional to his or her ownership interest. If the property is sold, the sale proceeds are shared among tenants in proportion to the ownership shares held by each tenant.
Maori land is often collectively owned. Each owner's share is described as an "undivided interest" where that share is not partitioned as a separate title. Each co-owner has an interest in all of the land in the title.
Ownership of real estate by joint tenants or tenants in common under the same title.
A complete or partial ownership of all parts of a whole. For example, an undivided interest in a pool of mortgages means the ownership or rights to a certain percent of each and every mortgage in the pool.... read full article
Ownership by two or more persons that give the right to use the entire property.
Ownership by two or more persons, which entitles each to the right to use the entire property.
The term to describe the title of co-owners of a property as joint tenants such that the co-owners' title cannot be separated.
The right which co-tenants have to possession of the whole property, rather than to any particular part. Their financial interests may be equal, as in a joint tenancy, or unequal, as in many tenancies in common, but they still have equal rights to possess and use the whole.
Joint ownership of an interest in the whole property rather than in a specific identifiable part
A beneficial ownership in common of the assets, liabilities, revenues and expenses of a piece of property.
A percentage of the full fee interest in an entire property. Undivided interests are shared jointly with one or more other parties, known or unknown. The majority owner does not necessarily control the property. Any holder of undivided interests has the right to seek a court-ordered partition of the property.
The interest of a co-owner, giving them the right to possession of the whole property, rather than to a particular section of it.
An ownership right to use and possess a property that is shared among co-owners, with no one co-owner having exclusive rights to any portion of the property.
The legal interest of co-owners in property in which the individual interest of each individual is indistinguishable.
Fractional ownership without physical division into shares.
An ownership right to use and occupy property that is shared among more than one owner. No single co-owner may have exclusive rights or possession to any part of the property.
An unspecified interest in the whole rather than a separate interest in a particular portion of a property.
The term used to describe the interest of a co-owner in real property. Undivided meaning that the co-owner's interest cannot be separated without court action.
