What is the lease in common?

The rental part is sometimes referred to as a common rent, but in fact it is a different means of ownership of property. When people share the property together, they own the same shares in this property and if one person dies, the other person often inherits the entire assets. Lease work together in an unusual way. The functions include the ability to share uneven amounts of real estate and, if not mentioned by will, each share is handed over to the owners' heirs, not to other tenants. In circumstances where there are two, three or even fifty owners, he has the right to own property, occupy it and cannot exclude other rental ordinary owners from the property ownership. Yet not all people use rent in joint agreements specifically to occupy property.

For example, a builder might want to build a set of households for later sales on the profit market. Instead of mere investors in their ownThe project, which would be returned on the basis of profits, could create a rent in a joint agreement with many people who would all owe the share of the ground, buildings and possible profits from the sale. In most cases, none of the tenants would like to receive property, or perhaps a few, and eventually will not live in one of the houses built. In general, the lease agreement simply means investment with multiple owners who have the right to share in the sale of assets when the builder develops it.

If one of the original tenants of the ordinary owners of this investment property dies, its share goes to his heir. If it just goes to one survivor, it can mean little; The new "ordinary" owner could simply stick to the lease in a joint agreement and wait for profitable sale. But if Perso is the one who owned part of the property, more heirs had, things could be difficult, because all heirs might want to liquidate their share of real estate.

Procedure for this isor “ordinary” agreements. Under most circumstances, others would simply buy a percentage of a percentage from the heirs who want to get rid of it. If others do not want to agree, the new heirs may file a share in a court called the section, which means that the court will order the sold assets and the payment to each owner on the basis of the percentage of the property. If the building land is not fully developed, or other tenants may decide that it is much easier to simply buy a percentage heir. The country will have less value if it is not fully developed, and other tenants still retain a chance to earn much more money as soon as they are able to sell a completely developed property.