共同财产权:二人以上共同对某一财产享有不可分割的权益,并彼此享有遗属权[right of survivorship];或是由某一契据或行为所创设的一项统一的财产权由二人以上共同享有;也指二人以上共同享有,但在整体中每人都有各自单独的权益并可平等享用该财产的情况。 Right of Survivorship 生存者财产权 共有财产中生存者对死者财...
The CityVest Real Estate Glossary provides simple definitions for some of the most common terms you can expect to hear during the closing process. These definitions are for general purposes only and should not be used for legal purposes. Please consult with your local title company, real estate...
Estate in Severalty Ownership by one person/entity. Corporations or partnerships often hold title this way. If only one signature is required to sell a piece of property, then there is only one owner. Tenancy in Common Ownership by two or more people without the rights of survivorship. It is...
Create a Customized Deed Online Tenancy in Common A tenancy in common is a form of co-ownership with no survivorship rights. When multiple owners hold title as tenants in common, each owner’s interest becomes part of his or her probate estate at death. It does not pass automatically to th...
When the parties owning the land are individuals, the land may be held by the parties as tenants in common, of which the individuals’ respective interests in the land are divisible, or as joint tenants, which provides for an undivided interest with rights of survivorship (spouses, on the ...
Including the improvements on the land of the rights to go with ownership of the land. Also called reality or real estate. Reconciliation The final step in an appraisal, when the appraiser a samples and interprets the data to arrive at the final value estimate. Never an average. Also ...
Real Estate Glossary 1031 Exchange This refers to a portion of the IRS code also known as a Like Kind Exchange or Starker Exchange. This specifies that if a property is sold and the proceeds of the sale are investin in an asset of like kind, then no gain or loss is recognized. This ...
Payments By Subcontractor For Labor And Materials Right Of Contractor To Pay Unpaid Bills Termination of Subcontract and Completion of Work by Contractor Dealing with Real Estate Pros Agency to Sell Lots in Subdivision Agency Agreement Agreement Extending Period of Option ...
You don’t benefit from appreciation or income if the vacation property is rented out while unused by a timeshare owner.Someone else owns the property; you just have usage rights. With fractional real estate ownership, you’re entitled to your share of the income and profits that the property...
Joint tenancyoccurs when two or more people hold title to real estate jointly, with equal rights to enjoy the property during their lives. If one of the partners dies, their rights of ownership pass to the surviving tenant(s) through a legal relationship known as aright of survivorship. Tena...