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undivided interest

 

Definitions from WordNet

Noun undivided interest has 1 sense
  1. undivided interest, undivided right - the interest in property owned by tenants whereby each tenant has an equal right to enjoy the entire property
    --1 is a kind of interest, stake

Definitions from the Web

undivided interest

Part of Speech: Noun

Definition: The complete ownership or right to property, not shared or divided with others.

Sense 1: A legal term indicating the ownership of property or assets that are held jointly by two or more parties without any division of shares.

Example sentence 1: The siblings inherited their parents' house and now own it as undivided interest.

Example sentence 2: Investors often purchase undivided interests in commercial properties to spread the risk.

Sense 2: In real estate, a fractional ownership structure where individuals purchase undivided interests in a property, such as a vacation home, to collectively share its use and expenses.

Example sentence 1: We decided to buy an undivided interest in a beachfront condo to enjoy vacation time with family and friends.

Example sentence 2: The homeowners association manages the maintenance and costs associated with the shared amenities for all undivided interest owners.

Related Products:

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