GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:09 Mar 25, 2019 |
Croatian to English translations [PRO] Law/Patents - Law: Contract(s) / kupoprodaja stana | |||||
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| Selected response from: Dragana Rajkov-Šimić Serbia Local time: 17:26 | ||||
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Summary of answers provided | ||||
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5 | aliquot part/aliquot share in property |
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4 -1 | Undivided Interest |
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aliquot part/aliquot share in property Explanation: Vec je bilo ovo pitanje, samo sa srpskog https://www.proz.com/kudoz/serbian-to-english/real-estate/4093907-idealni-deo.html |
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Undivided Interest Explanation: undivided interest in the tenancy in common -------------------------------------------------- Note added at 4 mins (2019-03-25 15:13:59 GMT) -------------------------------------------------- tenancy in common n. title to property (usually real property, but it can apply to personal property) held by two or more persons, in which each has an "undivided interest" in the property and all have an equal right to use the property, even if the percentage of interests are not equal or the living spaces are different sizes. Unlike "joint tenancy," there is no "right of survivorship" if one of the tenants in common dies, and each interest may be separately sold, mortgaged or willed to another. Thus, unlike a joint tenancy interest, which passes automatically to the survivor, upon the death of a tenant in common there must be a probate (court supervised administration) of the estate of the deceased to transfer the interest (ownership) in the tenancy in common. http://dictionary.law.com/default2.Asp?selected=2103&bold=|||| -------------------------------------------------- Note added at 28 days (2019-04-23 04:16:31 GMT) -------------------------------------------------- aliquot (al-ee-kwoh) adj. a definite fractional share, usually applied when dividing and distributing a dead person's estate or trust assets. (See: share) vs http://www.businessdictionary.com/definition/agreement.html https://legalbeagle.com/17301-joint-tenancy-vs-undivided-interest.html |
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