MLchartDataset catalogue

Undivided interest

Term · Law · MLC-T-LAW-005045

A form of ownership where two or more individuals hold rights to the entire property, rather than to a specific portion of it. Each co-owner has the right to possess and use the whole property, but their ownership share is a fractional interest in the total. This is common in joint tenancies and tenancies in common, where each owner can sell or transfer their share.

Table 1. Record
IdentifierMLC-T-LAW-005045
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005045",
  "term": "Undivided interest",
  "field": "Law",
  "definition": "A form of ownership where two or more individuals hold rights to the entire property, rather than to a specific portion of it. Each co-owner has the right to possess and use the whole property, but their ownership share is a fractional interest in the total. This is common in joint tenancies and tenancies in common, where each owner can sell or transfer their share.",
  "url": "https://mlchart.com/terminology/law/undivided-interest/"
}

Record 5,155 of 5,439 in Law terminology (MLC-0107). Request the full dataset.