Standards for registering property titles are general purpose rules that allow different
property ownership arrangements.
Not exact matches
Some shared equity
arrangements allow you to have full
ownership of the
property.
It influences our lives every day via contracts and credit situations, the
ownership and distribution of
property, family relationships and their breakdown, personal injury, benefit entitlements, human rights, and various corporate
arrangements.
By default, both spouses are entitled to equal possession and
ownership rights in the marital
property, unless you have otherwise agreed to a different
arrangement in writing.
A joint
ownership arrangement can cause problems if the resident fails to maintain the
property or reneges on making the mortgage, insurance or
property tax payments.
The phrase «fractional
ownership» is typically used to describe shared
ownership of a vacation or resort
property by people in an
arrangement which allocates usage rights based on time.
The Feb. 21 comment letter requests clarification to ensure the real estate exception operates as intended for common real estate
ownership arrangements — focusing on the scope and application of the exception for an electing real
property trade or business.