Heirs property definition

Heirs property means real property held in tenancy in common that satisfies all of the following requirements as of the filing of a partition action:

Heirs property means real property held in tenancy in

Heirs property means real property held in

Examples of Heirs property in a sentence

• Section 2(5): Heirs property is defined in this Act to include only a subset of tenancy- in-common property.

• Heirs property ownership has presented vexing problems to property owners in cities such as New Orleans.

• Background:• As part of OWASA’s critical lands program to maintain water quality in Cane Creek Reservoir, OWASA acquired a 2/3 undivided interest in the 80-acre Annie Deane Heirs property in 2002 for $480,000, paid to two of the three sisters who owned it.

• The Court also directs attention to 15-61-310 et seq in the event the real property involved herein may be Heirs property and the Code sections related thereto.

• Staff and Counsel Recommendation and Action Needed:Staff and counsel recommend that the Board authorize staff to close on the acquisition of the remaining one-third interest in the Deane Heirs property.

More Definitions of Heirs property

Heirs property means real property held in tenancy in common which satisfies all of the

Heirs property means real property held in tenancy in common which satisfies

Heirs property means real property held in tenancy in common that satisfies all of the following

Heirs property means real property held in tenancy in common which satisfies all of the following requirements as of the filing of a partition action: (1) there is no agreement in a record binding all the cotenants which governs the partition of the property; (2) one or more of the cotenants acquired title from a relative, whether living or deceased; and (3) any of the following applies: (a) 20 percent or more of the interests are held by cotenants who are relatives; (b) 20 percent or more of the interests are held by an individual who acquired title from a relative, whether living or deceased; or (c) 20 percent or more of the cotenants are relatives.

Heirs property means real property held in tenancy in common, but does not include undivided mineral interests, and that satisfies all of the following requirements as of the filing of a partition action:

Heirs property means real property held in tenancy in common that satisfies the following at the time of the filing of a partition action:

Heirs property means real property held in tenancy in common that