What is the name of your state (only U.S. law)? Vt
Can a deed be written up so that 4 people own the property? Say 2 people with a 45% interest each and 2 people with 5% interest each?
If so can a separate contract be written stating which 5% they own, with measurements and boundaries, to be executed at anytime by any of the owners?
Example: 2 couples want to purchase a large piece of land, construct 2 houses and live and work the land together. But have the ability to separate the two lots and go their own way.(providing the property is sub- dividable)
Can a deed be written up so that 4 people own the property? Say 2 people with a 45% interest each and 2 people with 5% interest each?
If so can a separate contract be written stating which 5% they own, with measurements and boundaries, to be executed at anytime by any of the owners?
Example: 2 couples want to purchase a large piece of land, construct 2 houses and live and work the land together. But have the ability to separate the two lots and go their own way.(providing the property is sub- dividable)