answersLogoWhite

0

A proportional (or proportionate) interest in land means the person has an identifiable interest in real property that is less than a 100% interest. For example, three sisters who inherit the family homestead would each own a one-third proportional interest as tenants in common. That means each of the sisters has the right to the use and possession of the whole property. If one dies her family would inherit a one-third interest. If none died and the property was sold, each sister would receive one-third of the net proceeds.

For a different type of situation suppose two people are the grantees in a deed. If the deed does not specify how the interest will be split then each grantee has a one-half proportional interest even if the other grantee paid the purchase price.

Any other arrangement would need to be clearly expressed in the deed. For example, suppose two friends purchased a two family dwelling for investment purposes and one paid one-fourth of the purchase price and the other paid three-fourths. The deed could be drafted to convey a one-quarter interest to one and a three-quarter interest to the other. Those proportional interests recited in the deed would prevail if the property was sold. If one or both grantees died their proportional interest would pass to their heirs.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Math & Arithmetic

How does simple interest show proportional reasoning?

Simple interest demonstrates proportional reasoning by establishing a direct relationship between the principal amount, the interest rate, and the time period. The formula for simple interest is ( I = P \times r \times t ), where ( I ) is the interest earned, ( P ) is the principal, ( r ) is the rate, and ( t ) is the time. This means that if any of these variables increase or decrease, the interest will change proportionally, illustrating how the components are interdependent and scale together. Thus, it exemplifies proportionality in financial calculations.


Is 120-xL proportional or not proportional?

It is an expression, not an equation and so cannot be proportional nor non-proportional.


Why is interest an exponential function?

Interest is often modeled as an exponential function because it grows at a rate proportional to its current value. In compound interest, for example, the interest earned in each period is added to the principal, leading to interest being calculated on an increasingly larger amount over time. This results in a rapid increase where the growth accelerates, characteristic of exponential growth. As a result, the formula for compound interest, ( A = P(1 + r/n)^{nt} ), reflects this relationship, showing how the amount grows exponentially based on the interest rate and time.


What is directly and inversely proportional relationship?

Directly proportional relationship is F=ma, F is directly proportional to a. Inversely proportional relationship is v=r/t, v is inversely proportional to t.


What is an antonym for proportional?

Disproportional.If instead you're looking for the antonym of directly proportional, that would be inversely proportional.

Related Questions

How does simple interest show proportional reasoning?

Simple interest demonstrates proportional reasoning by establishing a direct relationship between the principal amount, the interest rate, and the time period. The formula for simple interest is ( I = P \times r \times t ), where ( I ) is the interest earned, ( P ) is the principal, ( r ) is the rate, and ( t ) is the time. This means that if any of these variables increase or decrease, the interest will change proportionally, illustrating how the components are interdependent and scale together. Thus, it exemplifies proportionality in financial calculations.


How is a proportional and non-proportional relationship different?

Proportional is when it is proportional.


If A is proportional to B square and B is proportional to C Square then A is proportional to?

A is proportional to C4.


Is 120-xL proportional or not proportional?

It is an expression, not an equation and so cannot be proportional nor non-proportional.


Why is interest an exponential function?

Interest is often modeled as an exponential function because it grows at a rate proportional to its current value. In compound interest, for example, the interest earned in each period is added to the principal, leading to interest being calculated on an increasingly larger amount over time. This results in a rapid increase where the growth accelerates, characteristic of exponential growth. As a result, the formula for compound interest, ( A = P(1 + r/n)^{nt} ), reflects this relationship, showing how the amount grows exponentially based on the interest rate and time.


What is directly and inversely proportional relationship?

Directly proportional relationship is F=ma, F is directly proportional to a. Inversely proportional relationship is v=r/t, v is inversely proportional to t.


What the relationship between mass and the amount of gravity that pulls 2 object together?

The gravity is proportional to both masses involved, and inversely proportional to the square of the distance.The gravity is proportional to both masses involved, and inversely proportional to the square of the distance.The gravity is proportional to both masses involved, and inversely proportional to the square of the distance.The gravity is proportional to both masses involved, and inversely proportional to the square of the distance.


What is an antonym for proportional?

Disproportional.If instead you're looking for the antonym of directly proportional, that would be inversely proportional.


Are speed and distance directly proportional or inversely proportional?

Directly proportional. Greater speed - greater distance.


Are 16 to 9 proportional?

Your question is incomplete... proportional to WHAT?


Are force and mass directly proportional or inversely proportional?

Force is directly proportional to mass provided the acceleration is constant.


Is the war in Iraq proportional?

In a proportional war the collateral damage expected from any attack is proportional to the military advantage anticipated. In that respect, many consider the Iraq war was not proportional.