Warning
Info
Warning
Info
Simple English definitions for legal terms
indivision
Read a random definition: paper market
A quick definition of indivision:
Term: INDIVISION
Definition: Indivision is when multiple people own a piece of property together and each person has an equal share of ownership. This means that no one person can claim full ownership of the property without the agreement of the other co-owners.
A more thorough explanation:
Definition: Indivision is a legal term used in civil law to describe the condition of property being owned by multiple co-owners, each having an undivided interest in the property. This means that each co-owner has a share in the property, but the property itself is not divided into separate parts.
Example: A family inherits a house from their grandparents. The house is now owned by the siblings, who each have an equal share in the property. However, the house cannot be physically divided into separate parts, so it remains in indivision.
Explanation: In this example, the siblings each have an undivided interest in the house, meaning that they all have a share in the property as a whole. However, the house cannot be divided into separate parts, so it remains in indivision. This means that the siblings must work together to make decisions about the property, such as whether to sell it or make repairs.