FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RMo0rWec8owXGDAYl6PGNG
Label Concurrent Interest
Preferred Label Co-Ownership
Identifier N/A
Alternative Labels
Dual Ownership Shared Ownership Simultaneous Ownership

Definition

Concurrent Interest refers to the situation where two or more parties simultaneously hold ownership interests in the same piece of property. This type of ownership includes various forms such as joint tenancy, tenancy in common, and tenancy by the entirety, each with distinct legal implications regarding the rights of the owners.

Class Relationships

Sub Class Of

Is Defined By

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See Also

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available