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Simple English definitions for legal terms

Ownership in common

Read a random definition: common-bond doctrine

A quick definition of Ownership in common:

Ownership in common means that two or more people share the right to own something together. If one owner dies, their share of the property goes to their own family, not to the other owner(s). This is different from joint ownership, where the remaining owner(s) would get the deceased owner's share.

A more thorough explanation:

Ownership in common refers to the right of ownership shared by two or more people whose interests are divisible. This means that each owner has a specific percentage of ownership in the property. For example, if A and B own a property in common, A may own 60% and B may own 40%.

Upon the death of one owner, their interest in the property passes to the dead owner’s heirs. For instance, if A and B have ownership in common of property (E), and A dies, A's share does not go to B. Rather, A's share goes to A’s heir. This contrasts with joint ownership, where the interest of the dead owner would pass to the remaining owner(s).

For example, if two siblings inherit a house from their parents and they decide to own it in common, each sibling would have a specific percentage of ownership. If one sibling dies, their share of the property would pass to their heirs, not to the surviving sibling.

Ownership | PACER

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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