undivided interest


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Undivided Interest

A form of communal ownership in which all owners share possession jointly and severally. That is, owners with undivided interest collectively own a single piece of property rather than each owning a portion of it. Decisions regarding the property must be made as a group.

undivided interest

Ownership that is shared with other co-owners,but not as to any particularly identifiable portion of the whole.

References in periodicals archive ?
Note: There is no tax depreciation on Kyle's undivided interest to allocate to Carol because the tax basis is zero.
who hold an 80% and 20% undivided interest, respectively.
Initially, Weststar have a first option to earn a 50% undivided interest in the property in consideration for: (a) a cash payment of $15,000 in cash at closing, (b) the issuance of 350,000 common shares of Weststar at closing, and (c) an amount of $1,000,000 in exploration expenditures on the Property over a period of three (3) year as follows: (i) on or before the first anniversary of closing, an amount of $250,000, of which at least $175,000 (70%) will consist of diamond drilling (ii) on or before the second anniversary of closing, an additional amount of $300,000, of which at least $210,000 (70%) will consist of diamond drilling, and (iii) on or before the third anniversary of closing, an additional amount of $450,000, of which $315,000 (70%) will consist of diamond drilling.
291 (1973), the plaintiffs had not "united to enforce a single title or right in which they have a common and undivided interest.
5% undivided interest in a ranch in Texas, a fee simple 50% undivided interest in real property in New Mexico, and a fee simple 50% undivided interest in a boat.
That guaranteed the election of Valley residents to represent Valley communities, and forced them to give the Valley their undivided interest - or face the consequences at the polls.
The tract of land involved in the litigation has been owned by a large number of family members and the Company has acquired an approximate 62% undivided surface interest in the property and has a right of way/damage settlement agreement with the owners of another 10% undivided interest in the property.
Under the terms of the Joint Venture Agreement ( JVA ) by which TRECan can acquire 49% undivided interest in the Kipawa HREE Deposit, Matamec received $8.
M2 EQUITYBITES-November 6, 2012-Williams Partners acquires 83% of undivided interest of Williamsa[euro](tm) Gulf Olefins business(C)2012 M2 COMMUNICATIONS http://www.
A utility owns a 30% undivided interest in an electric generating facility.
The joint venture anticipates selling undivided interest in the property through a tenant-in-common offering organized by IREX.
Additionally, BHP agreed to buy a 50% undivided interest in three existing wells in this area in Reeves County, Texas, in the Delaware sub-basin of the Permian Basin for about USD18m from Energen Resources, providing BHP a 50% undivided interest in 4,829 net acres after buying and subject to initiating horizontal completions of two wells.