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Divided or Undivided Interest

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E

Elmer Goody

Guest
What is the differance between having a divided or undivided interest in a piece of Real Estate as it pertains to sale or transfer to heirs upon death?
 


D

David J. Miller

Guest
Divided interest means you own an equal share i.e. 50/50. If the other owner dies, his/her interest in the property is split up between heirs, as in tenants in common.

Undivided interest means you own the whole. If the other owner dies, you retain 100% ownership interest, as in joint tenancy.

I am not an attorney.
 
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