Co-Ownership

Concurrent Interest - 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 Information

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Identification

IRI: https://folio.openlegalstandard.org/RMo0rWec8owXGDAYl6PGNG
Label (rdfs): Concurrent Interest
Preferred Label: Co-Ownership
Alternative Labels: Dual Ownership, Shared Ownership, Simultaneous Ownership
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Definition and Examples

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.
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Translations

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Class Relationships

Sub Class Of: Property Rights
Parent Class Of: Joint Tenancy

Tenancy by the Entirety

Tenancy in Common
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Additional Information

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Deprecated: False

Metadata

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