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Do co owners in fee simple each own 100 percent of the property or 50 percent each?
Although all classes of co-owners in fee simple may own a fractional interest in the whole property, each co-owner has the right to the use and possession of the whole property. That right to the use and possession of the whole property is what we call an undivided interest. The fractional interest would come into operation as the share of the proceeds if the property was sold or as a percentage of rentals and profits.For example:Suppose Nate and Ryan own a cabin as tenants in common. Each has the right to the use and possession of 100 percent of the property. If the property was sold, each would be entitled to 50 percent of the proceeds. If the property is rented out each would be entitled to half the net proceeds. The same would apply to joint tenants and modern tenants by the entirety.
What is the plural of share?
The plural form of share is shares.
Eight friends share 3 bags of toys what fraction does each person get when they share equally?
eight friends share 3 bags of toys, what fraction does each get.?
What is two rays that share an endpoint form?
Two rays that share an endpoint form an angle.
How much is one share if 4.20 is divided into seven equal shares?
4.2/7 = 0.6
