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Real Estate Ownership

Created by Marty Baum
Across
Tenancy in _______ is a form of ownership between two or more persons with "no right of survivorship". You receive fractional ownership with an undivided interest in the whole. The easiest form of co-ownership.
A form of a trust that can help assets pass outside of probate, yet allows you to retain control of the assets during your lifetime
Taking ownership by one person. This is the easiest form of ownership in transferring property
A form of a trust that transfers your assets out of your estate and potentially out of the reach of estate taxes and probate but cannot be altered by the grantor
A form of tenancy which includes "right of survivorship". All owners have possession, Interest, time, and title
The owner will have fee-simple ownership of the unit consisting of the interior walls and will become tenant in common with all the other unit owners in the common areas.
______ property is ownership acquired by husband and wife where they become equal partners 50/50
A legal way to dissolve co-ownership if parties can't agree.
A form of property ownership which is comprised of single units in a multi-unit real estate development. The purchaser will receive stock in the corporation and a proprietary lease in a particular unit.
A way for investors to pool their financial and intellectual resources to invest in properties and projects much bigger than they could afford or manage on their own
Down
This is ownership by married couples with each having an equal, undivided interest in the property including right of survivorship.
An association of two or more people who carry on a business as co-owners as defined by the Uniform Partnership Act
A company that owns, operates or finances income-producing real estate. it provides investors the chance to own valuable real estate and the opportunity to access dividend-based income
A company or group of people authorized to act as a single entity and are managed by a board of directors.
A fiduciary arrangement that allows a trustee to hold assets on behalf of a beneficiary or beneficiaries that avoids probate