Maximum no of owner of a real estate.
2 years ago
Me and my college friends want to buy a shared real estate but we are like group of 50-100 students investing equal amount to contribute 50% of the amount and other 50% is being invested by a agent, so I wanted to know what is the maximum no of owner of a real estate if there is any maximum limit
A.There is no law which prescribes the minimum or maximum number of owners of a real estate but yest the sub registrar will have the logistic issue of capturing all parties details while registration as I don't think the software is enabled for capturing more than a few number of parties.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
If all of the owners are people (i.e., not businesses or trusts), the owners may choose whether to hold title as either tenants in common or joint tenants with right of survivorship. Both of these forms of co-ownership are available for all co-owners, regardless of marital status.
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If all of the owners are people (i.e., not businesses or trusts), the owners may choose whether to hold title as either tenants in common or joint tenants with right of survivorship. Both of these forms of co-ownership are available for all co-owners, regardless of marital status.
If you find my answer helpful then kindly rate me.
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A.Hi,
There are several ways that multiple owners can hold title to real estate. These forms of co-ownership include tenants in common, joint tenants with the right of survivorship, tenancy by the entirety, and community property. The form of co-ownership should be specified on the deed to the property.
If you find my answer helpful then kindly rate me.
There are several ways that multiple owners can hold title to real estate. These forms of co-ownership include tenants in common, joint tenants with the right of survivorship, tenancy by the entirety, and community property. The form of co-ownership should be specified on the deed to the property.
If you find my answer helpful then kindly rate me.
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A.Dear Sir,
First approach Advocate and draft MoU or other related documents. First get history of that agent and if he has not done bonafide business earlier it is not advisable to enter into such business.
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First approach Advocate and draft MoU or other related documents. First get history of that agent and if he has not done bonafide business earlier it is not advisable to enter into such business.
Rate me Five Star*
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