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If any joint co-owner deals in any way with a property inconsistent with a joint tenancy, that co-owner will be treated as having terminated (sometimes called "breaking") the joint tenancy. The remaining co-owners maintain joint ownership of the remaining interest. The dealing may be a conveyance or sale of the co-owner's share in the property.
Co-ownership is a legal concept in a business where two or more co-owners share the legal ownership of property. For the concept of co-ownership in different legal codes, see: Concurrent estate, for co-ownership in the common law system; Co-ownership (association football), for co-ownership of a player in association football (compartecipazione ...
The procedure and requirements for the certificate vary widely from jurisdiction to jurisdiction and on the type of structure. In the United States, obtaining a certificate is generally required whenever: a new building is constructed; a building built for one use is to be used for another (e.g., an industrial building converted for residential ...
With a joint tenancy, all co-owners would have an equal say. It's a good idea to consult an attorney when you’re entering into this type of arrangement, as they can help ensure that all bases ...
Dear S.H., Board meetings are required to be open to owners. You have no legal obligation to open them to anyone else, and you have no obligation to allow tenants, guests, owner relatives (even ...
Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house , such as a single-family house , an apartment , condominium , or a housing cooperative .
A co-op is more like a rental agreement, where you are the tenant and the building owner is the landlord. Your shares do not translate to real property like owning a house or condo does. Instead ...
If a co-owner brings a partition action in court, the court must provide an opportunity to the other co-owners to buy out the co-owner who brought the action. The value of the share of the co-owner who brought the partition action is determined by multiplying the fair market value of the property as determined by an appraiser by the person’s ...