0
If you own an undivided one-half interest that means you own a 50% interest in the whole property. That would come into play if the mineral rights, the property, or a portion thereof was sold. For example, if the mineral rights were sold you would be legally entitled to 50% of the net profit. The buyer would be required to cut a check for that amount in your name.
Add your answer:
Earn +20 pts
Does the father of a child have any rights to the child if the mother has 100 percent custody?
He has the right to petition the courts for visitation.
Who owns the rights to john denvers songs?
Ah, what a lovely question! The rights to John Denver's songs are typically owned by his estate or music publishers who manage his catalog. It's wonderful to see your interest in his music, and I encourage you to keep exploring the beauty and inspiration found in his songs.
What is Nebraska Senator Ben Nelson's stance on the federal Defense Of Marriage Act?
Senator Nelson does not favor the repeal of DOMA.
What 2 rights did the Rudd concession give to to the British South Africa?
It gave the bsac the right to mine minerals in the area between Limpopo and Zambezi it gave the bsac the right to do anything necessary for the development of their mining activities
Can any private person have mineral rghts on his property?
Yes, But it is very seldom that you get them with the property when you purchase it. Most of the time mineral rights are owned by A person who does not have too much interest in the land but really enjoys owning the rights to whats under it. Without the mineral rights you own up to the first 6 inches of dirt, Not always the full 6 inches though. OH! and your height into the air is limmited to, the government owns that.
Rights of 25 percent ownership of property?
I will assume you are referring to a twenty five percent undivided interest in real property. A person who owns an undivided twenty percent interest in real property has the right to the use and possession of the whole property. If the property is partitioned or sold that person will receive twenty five percent of the net proceeds from the sale. That person should also be responsible for paying twenty five percent of the costs to maintain the property unless some other arrangement is agreed to by the other owners.
How do you forfeit your rights to your Undivided Interest and property owner associations?
If you purchased a property that has an undivided interest in common areas and that requires membership in a homeowner's association you cannot make any changes to either arrangement. By purchasing your lot or unit you agreed to be legally bound by the rules, regulations, covenants and restrictions set forth in all the documents recorded by the developer.
What rights do you have if you own an interest in real property?
As an owner of an undivided interest in real property you have the right to the use and possession of the whole property. If there are three owners and the property is sold or partitioned you have the right to one-third of the net proceeds. You have the right to one-third of the profits.
What are a wifes rights to property of deceased husband in the state of Missouri?
In the state of Missouri, the wife automatically inherits property of her deceased husband. When either spouse dies, the surviving spouse has an undivided interest in the whole property, and the right to sole ownership.
In a divorce when the man gets usufruct of the property and the the wife gets half mineral rights who has control of the mineral rights as to how much will be collected?
The wife would have the right to grant mineral lease, receive bonus/rental money & potential royalties on her undivided 50% interest and the husband could do same with his 50% interest. The rights are owned separately and each party can do as they wish.If the usufruct is over the mineral rights and not only the surface, the situation would be different. If need more information, visit me at louisianaenergy.ning.com
You have lived for 20 years on the same property with a significant other your name is on the deed to the property what rights to the property do you have?
If your name is on the deed as a grantee, then you have an ownership interest in the property. It may be tenant-in-common or joint tenant (with right of survivorship). In either case, you have an "undivided" co-ownership of the property.
Why is an auction a good idea?
An auction is one way to sell your mineral rights, which are rights to oil, gas, or other minerals, and it can be beneficial to you for one main reason: auctions for mineral rights unite numerous qualified and reputable buyers who can drive up the price for your rights if there is enough interest. This means that you might get more money for your mineral rights than you would if you sold your rights on your own.Visit uniroyalties.com
What is the difference between mineral rights and working interest?
mineral rights give you the right to all oil, gas and other minerals in the tract or a percentage thereof forever in most states. Working interest would be in a producing well and only as long as the well is producing, you get a percentage of oil and gas sold from the well but you also share in the cost of the well.
Does joint tenant with rights of survivorship guarantee 50 percent ownership if property is sold?
Yes, if there are two owners. Joint tenants have an equal interest in their real estate by law.
What interest Walt Whitman?
Equal Rights
What is the meaning of Apportion?
To divide and assign in just proportion; to divide and distribute proportionally; to portion out; to allot; as, to apportion undivided rights; to apportion time among various employments.
What would interest Walt Whitman?
Equal Rights
