Sentences with phrase «equal ownership interests»

This type of ownership allows two or more people to have equal ownership interests in a property.

Not exact matches

Joint Tenancy: A form of ownership under which owners have equal interest in the property and may sell their interest to whomever they choose.

A form of ownership where the owners share equal ownership and have the same interest, common for purchases by spouses and partners.

Four unities are required to create a joint tenancy: 1) Time: all joint tenants must obtain their interest at one time; 2) Title: all must obtain their interest by the same document; 3) Interest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of posinterest at one time; 2) Title: all must obtain their interest by the same document; 3) Interest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of posinterest by the same document; 3) Interest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of posInterest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of possession.