Easily Remove Option Field to the Land Co-Ownership Agreement Template

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How to Remove Option Field to the Land Co-Ownership Agreement Template

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[Music] okay lets say you get a hundred thousand dollar property its worth that and you get it on an option for 80 000 like you said you Market it and then somebody says Hey I want to buy it lets do it are you like buying it like youre exercising the option to buy it yourself and then youre selling it to them with a double closing or are you somehow assigning the option and they jump in how does that other mechanics of that work so weve been really fortunate we have expanded um but when we started doing this method Im about to tell you about we started in Arizona and we work with Great American Title Agency out of Phoenix there they have been awesome and I recommend them to everybody weve also found one in Tennessee that we use and what weve been able to do with them is do a true a to c double close where they use the buyers money and they pay everybody and that has been a huge game thats big deal not not only that theyre able to do it without disclosing what our profit wou

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What is termination of co ownership by partition?

A Partition By Sale allows a co-owner of real property to force a sale of the entire property despite the unwillingness of any co-owner. Absent a waiver, an owner has an absolute right to partition his or her interests in the property and force a sale of the property.

When property is held by two or more owners as tenants in common upon the death of one owner that persons ownership interest would pass to?

Tenancy in common is used when property is held by two or more persons and, upon death, each owners interest passes to his heirs or devisees.

Who owns the property in a cooperative quizlet?

The cooperative owns the property, not each individual. Each tenant makes monthly rental payments, taxes, insurance, management and maintenance payments to the cooperative. Cooperative pays mortgages and taxes, insurance payments etc from tenant rental payments.

What is an owner under a cooperative form of ownership?

Owners of a co-op own shares of the cooperative instead of owning their unit outright, which would be the case in a condominium. With some co-ops, owners are allowed to sell their co-op shares in the open market, depending on the market rate for co-ops in that location, subject to approval by the co-op board.

What type of ownership is a coop quizlet?

A cooperative (or co-op, if youre in a hurry) is a building owned by a corporation where the residents are shareholders in the corporation. Each shareholder has the right to use common areas.

What is an option to purchase?

An option to purchase agreement gives a home buyer the exclusive right to purchase a property within a specified time period and for a fixed or sometimes variable price. This, in turn, prevents sellers from providing other parties with offers or selling to them within this time period.

What does it mean to partition a property?

Partition means division. The opposing co-owners have the absolute right by law to divide the property and sell their portion with the legal remedy of Partition.

What does termination of co-ownership by partition mean?

A Partition By Sale allows a co-owner of real property to force a sale of the entire property despite the unwillingness of any co-owner. Absent a waiver, an owner has an absolute right to partition his or her interests in the property and force a sale of the property.

What is a co operative ownership?

A co-op is a business or organisation thats owned and controlled by its members, to meet their shared needs. The members can be its customers, employees, residents or suppliers, who have a say in how the co-op is run.

What does partition mean in legal terms?

A partition is a division of concurrent interests in land. Such types of concurrent ownerships are usually either joint tenancies or tenancies in common.

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Remove Option Field to the Land Co-Ownership Agreement Template