Undivided Interest In Land Texas Without A Deed
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FAQ
???????? Joint Tenancy: Joint ownership of property in which each co-owner owns an undivided interest in a portion of the whole property. ? Passes to survivor of the co-owners.
For example, if four people equally own the oil and gas under a 100-acre tract as tenants in common, each has a 25% undivided interest in the entire 100 acres.
This can often be done without going back to court if both parties agree on how to divide the property. If you and your former spouse cannot agree on what to do with undivided community property, either of you may file a ?Suit for Post-Dissolution Partition? under Texas Family Code 9.201.
An undivided interest means that two or more persons have an interest in a property held under the same title. The undivided interest encompasses the whole property, and its holders have equal rights to the entire property.
The amount and type of interest that an individual has in real property is called an "estate in land." While an estate in land grants the right to possess the property, an interest, such as an easement, bestows only a right to use the land.