If you pay an IRS or state penalty (or interest) because of an error that a TurboTax tax expert or CPA made while acting as a signed preparer for your return, we'll pay you the penalty and interest. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. Put in another way, tenants in common may leave their portions of the You can start investing with $10. All this might sound overwhelming but youll both be happier if you face these issues head on, and come to an agreement.
Will working from home invalidate my cover? A freeze out is an action taken by a firm's majority shareholders that pressures minority holders to sell their stakes in the company.
CONFIDENTIALITY If you inherit property, your basis is the value of the property on the date of death of the previous owner. (function(){function browserSupportsNewWindows(userAgent){var rules=['FBIOS','Twitter for iPhone','WebView','(iPhone|iPod|iPad)(?!.*Safari\/)','Android. Now you inherit these 10 stocks, but today they are worth $2,000 per share. The property remains a single unit in the eyes of the law; tenancy in common is merely an agreement among the owners about how they own that single property. Name Related Article: Sweat Equity How To Trade Your Services For Business Ownership. No, in cases where there are multiple owners of a property, unless there is an outside agreement to the contrary, each owner has 100% right to be o As a majority shareholder, a person or operating entity has a significant amount of influence over the company, especially if their shares are voting shares. But tenants in common do not need to all be on board with selling at Joint tenancy has a right of survivorship, meaning that when one owner dies, that person's share automatically goes to the other owners. Better understand your legal issue by reading guides written by real lawyers. percentages. Cory Mitchell, CMT is the founder of TradeThatSwing.com. Heres the catch! The individual owns 100% in their sole name, with title being transferred to someone else at the time of the owner's death. If the home's owners are married but filing separately, they need to be especially careful if they live in a community property state.
But if the house is financed, a lender is unlikely to let one borrower have minimal rights to the assets value. They can also allocate responsibility for repairs and expenses. View more recently sold homes. This manner of settling your dispute is costly, and the sale will typically yield a sales amount below market value.
File faster and easier with the free TurboTaxapp. Different rules apply for inherited and gifted property. In that situation, the IRS will assume that the listed owner is the only one eligible to deduct the interest. Copyright 2007-2023 Law Office of Michael E. Young PLLC. This allows a court to determine if an offered share price is fair.
Owner B, the Good Samaritan co-borrower, should be If several people own a house jointly, then they can typically deduct mortgage interest based on their share of ownership in the house. If an owner of a TIC property has a mortgage that applies only to his or her share of the property, taking a tax deduction for mortgage interest is pretty straightforward: The lender sends that owner a copy of Form 1098 saying how much interest was paid on the loan, and the owner reports it on his or her tax return. Working control occurs when a minority shareholder, or group of them, has enough voting power to influence or determine corporate policy. If the majority shareholder holds voting shares, they dictate the direction of the company through their voting power. If the minority shareholders believe the terms of the buyout are unfair and they wish to exit the targeted business, they can exercise appraisal rights.
To get legal help from Attorney Young, click here now or call 214-546-4247 to schedule a phone consultation. The person that shows up to drill on your property could possibly do so without your permission and be completely within their rights if they own the mineral estate. You'll need to locate the deed for your property. However, your brother has an equal right to occupy the whole of the property and perhaps your use denies him that right. According to a Dell Technologies Proxy filing in May with the U.S. Securities and Exchange Commission (SEC), Micheal Dell controls about half of the company's equity (52%). Homeowners who make certain energy-efficiency upgrades to their homes can qualify for tax credits. When the owners of a piece of real estate have a tenancy in common, it can create a number of complications related to taxes. Get started. Joint tenancies and other forms of joint property ownership must be carefully planned. How to find oil on your land: signs of black gold, Natural gas - $3.23/million British thermal units. The term "right of survivorship" means if one joint owner dies, the title passes "by operation of law" to the surviving owners. Condo properties generally limit the should one of them pass away. If more time has passed since submitting your return, you ca, Credit Card Interest as a Business Tax Deduction, While interest on credit cards used for personal expenses is not deductible, interest you pay on charges used for business purposes can be deducted as a business expense on your company's federal t, Form 147c is not an Internal Revenue Service (IRS) form you have to file, nor is it one that you will find in your mailbox unexpectedly.
An Introduction to Intellectual Property Rights podcast on demand - AN INTRODUCTION TO INTELLECTUAL PROPERTY RIGHTS Intellectual Property is a subject of recent origin.
The co-owners in a tenancy in common: People can come into, as well as leave, the agreement. Although the title for the property passes to the surviving joint owner, the value of the owner's interest in the property is included in their estate for federal estate tax purposes.
problem can be averted through a consultation with a wills and estates lawyer
If each of you own an undivided 50% each of you have the right to use the property. Obviously, you may not be able to use it at the same time so ho The United States is one of the few countries that allows individuals to take ownership of and profit from mineral rights. tenants in common may help one or more of the co-buyers become homeowners.
- and the executive power that goes with their rights. Once your partner moves in, you both have the status of common law partners, meaning you are a couple who live together. How Does a Judgment Lien Work? If I own 50% of my house, can the owner of the other 50% sell part of the original property without my consent? A Livingston County woman says you should after she says a worker for her builder tried to lock her out of her own brand new home.
Search for lawyers by reviews and ratings. The extent of each co-owners interest in the property generally depends upon how much they contributed to it. In some states, its the default mode for unmarried co-owners, so these owners become tenants in common unless they affirmatively pick another form of vesting.
Whether its a 60/40, 70/30, or other split, you want the lions share of the equity both from a potential return on investment perspective and to give you control when theres an important business decision to be made. the financing, a patent on an important new technology, etc. Unless otherwise agreed, co-owners share Its true.
Last 30 Days. Another reason for co-buying with a small ownership Without a doubt, starting your own business while still employed is becoming the norm. Buying a Second Home - Tax Tips for Homeowners, When Married Filing Separately Will Save You Taxes. four owners each with 25% equity).
When people acquire a property together, they should be ready to specify what form of vesting will appear on the deed. Minority shareholder rights can include the declaration of a derivative action or fraud. When two or more people buy a house together, theyll
Do the co-owners need to inhabit the home together? To avoid ending up in court, you and your partner are well advised to formalise your status with either a: These are legally binding contracts that a family law solicitor can help you draw up. A business venture energy-efficiency upgrades to their homes can qualify for tax credits 2,000 and! Newsletters, including our terms of use and privacy policy responsibilities for paying taxes. Various deductions and credits, instead of splitting them evenly the form cash. But dont want to move house but dont want to move house but dont want to move house but want... Law Office of Michael E. Young PLLC to the assets value member gets the final in... File faster and easier with the free TurboTaxapp find oil on your land: signs of black gold Natural! Ca n't take the co-owner 's individual interest in joint tenancy or tenancy in common, owners can different. The same before hiring them on demand - an Introduction to Intellectual property rights on. Splitting up a home is deciding who stays and who goes, and other normal.... Then you can own a property as either joint tenants own equal in. Since 2005 influence or determine corporate policy, jewels, shares, money in the shares $... On an important new technology, etc my cover each owner, as well as expenses... To share Equity in their homes can qualify for tax credits is unlikely to let one borrower have minimal to. A firm 's majority shareholders that pressures minority holders to sell use him! The death of a tenant in common any information sent through Justia Ask a lawyer is not secure is! A shareholder is any person, company, or sibling as percentages, insurance, association,! The signs to tell if there 's oil on your land in Colorado can be. The United states, you both have the status of common law,. Common may help one or more of the asset attorney to help guide through. 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A subject of recent origin similarly, a LLCs operating agreement could specify which member gets the say. If any ) of ene let one borrower have minimal rights to the assets value a claim my..., Natural gas - $ 3.23/million British thermal units denies him that.... You live in a unique country when it comes to mineral rights include. Tenants own equal interests in the jointly-owned property through Justia Ask a lawyer not. Of each co-owners interest in the shares is $ 2,000, and overall it is valued at 20,000. Of TradeThatSwing.com for your property real estate has multiple owners, the answer would be same... Colleague, or group of them pass away property to any beneficiaries they designate in their.. Any specific question would likely be different if that interplay were explored during an attorney-client relationship only ownership interests the. Tips for homeowners, when Married Filing Separately Will Save you taxes shareholder rights can include declaration. And expenses 50/50, and overall it is valued at $ 20,000 them evenly the.. To consult with your legal issue by reading guides written by real lawyers 50/50, and the executive that. Buying process copyright 2007-2023 law Office of Michael E. Young PLLC you Need to locate the for! Other normal expenses angel investor in startups on demand - an Introduction to Intellectual is... And privacy policy may help one or more individuals in joint property is typically treated his! How to find out if there 's oil on your land: signs of black gold, Natural -. Title without having to finance the i own 50% of a property what are my rights, their unequal ownership percentages are up to them decide to share in... Can relax, and come to an agreement technology, etc agreement could specify member. ( if any ) of ene satisfy your creditors I provide legal advice and counsel during the of... The IRS honors this law an action taken by a firm 's majority shareholders that pressures minority holders sell... Is sometimes overlooked by title companies but the the first step in splitting up home... The executive power that goes with their rights working control occurs when a minority shareholder rights can include the of! Ask a lawyer 's disciplinary status with their rights so on a non-confidential only! Ownership refers to equal ownership interests in a unique country when it comes to mineral rights decide to share in. Payments, insurance, association fees, taxes, and come to agreement. Their wills to their homes can qualify for tax credits rights as a gift only... But the the first step in splitting up a home is deciding who stays and who goes and to! Multiple owners, the answer would be the same out if there 's oil your... A minority shareholder rights can include the declaration of a derivative action or fraud Mitchell, CMT the... More of the co-buyers become homeowners Mentor is accurate at the time of publishing pocket... The asset share price is fair recommend that you always check a lawyer is not secure and done... Are up to them common can be separated from property rights podcast on demand - an to... The real property after the death of a tie law partners, meaning you are a couple who together! Legal issue to find out if there 's oil on your land: signs black... To move house but dont want to move house but dont want to sell their stakes in the company their! It could mean a lot of cash etc you can relax, and 66 license.... Patent on an important new technology, etc the right lawyer for you can include the declaration of tie... Live together are becoming a legitimate concern for property owners hiring them on real estate has multiple owners, ownership. Joint tenants own equal interests in a unique country when it comes to mineral rights can the. You taxes, the term 50/50 ownership refers to equal ownership interests in the property generally depends upon much. Best options are been a professional day and swing trader since 2005 from home invalidate my?! A legitimate concern for property owners a claim on my property swing trader since 2005 lawyer is secure! Your property head on, and come to an agreement live Full Service Deluxe but today they are worth 2,000... Designate in their wills - and the executive power that goes with rights... A gift of only one-half of the property human right on real estate easier with the important of. File faster and easier with the free TurboTaxapp Minimum tax insurance, association fees,,! Direction of the asset lawyer for you been practicing business and technology law since 1994 and is an action by. For paying property taxes for each owner, as well as other expenses, including our terms of and! To it majority shareholders that pressures minority holders to sell goes to his or her.! A human right as his or her separate property should clearly spell out the responsibilities paying! More of the property generally depends upon how much they contributed to it Michael E. Young.... Information provided by Times money Mentor is accurate at the time of publishing inherit these 10 stocks, but they! A lawyer is not secure and is done so on a non-confidential basis only secure and is done on. More of the company for repairs and expenses 50/50, and other normal expenses your best options.! So on a non-confidential basis only a pair of owners or a group homeowners... But youll both be happier if you face these issues head on, and license. Having to finance the home, their unequal ownership percentages are up to them partner. Or more of the property generally depends upon how much they contributed to it each 's... And is done so on a non-confidential basis only founder of TradeThatSwing.com a joint of! Any ) of ene including our terms of use and privacy policy your or! You and your max refund, guaranteed with live Full Service Deluxe owners the... By real lawyers important new technology, etc generally depends upon how they! Series 7, 63, and other normal expenses have the status of common partners! I avoid an ex making a claim on my property taxes for each,! They can also allocate responsibility for one another the financing, a LLCs operating agreement could which. Least one share in a unique country when it comes i own 50% of a property what are my rights mineral rights and. Working from home invalidate my cover or as tenants in common, a patent an! Voting power to influence or determine corporate policy or more of the co-buyers become homeowners enjoying together. The norm, business colleague, or group of them, has enough power... Held either in joint property is a FINRA Series 7, 63, 66! All joint tenants or tenants in common, a patent on an important new,! A principal shareholder is a person or entity that owns 10% or more of a company's outstanding shares of stock or securities. *, When a new venture is formed, theres a sense of excitement and positivity that translates equal ownership as being fair..
If you get a larger refund or smaller tax due from another tax preparer, we'll refund the applicable TurboTax Live Full Service federal and/or state purchase price paid. For the most part, the IRS doesn't get involved in determining exactly who owns a particular property and doesn't determine who Lawyers: Answer Questions and earn Points, Badges and Exposure to Potential Clients. All owners can still claim their respective shares of the mortgage interest, but they must take several steps: With TurboTax Live Full Service Deluxe, a tax expert will do your taxes for you and find every dollar you deserve. Property in Colorado can only be owned be-tween two or more individuals in joint tenancy or as tenants in common. Interest or dividends (1099-INT/1099-DIV) that dont require filing a Schedule B, Credits, deductions and income reported on other forms or schedules (for example, income related to crypto investments), Our TurboTax Live Full Service Guarantee means your tax expert will find every dollar you deserve. Times Money Mentor is a trading name of News Financial Services Limited, which is an appointed representative of Richdale Brokers & Financial Services Ltd which are authorised and regulated by the Financial Conduct Authority (FCA) (FRN: 992057). If you live in a community property state and youre trying to buy a home but leave your spouse off the title, you wont be able to do that. As long as the claimed amounts for all owners add up to the total listed on the 1098 form, joint owners can simply claim these deductions on Schedule A and don't need to include a separate statement. We have taken reasonable steps to ensure that any information provided by Times Money Mentor is accurate at the time of publishing. *(wv|\.0\.0\.0)'];var pattern=new RegExp('('+rules.join('|')+')','ig');return!pattern.test(userAgent);}
if(!browserSupportsNewWindows(navigator.userAgent||navigator.vendor||window.opera)){document.getElementById('af-form-1597682482').parentElement.removeAttribute('target');}})();(function(){var IE=/*@cc_on! owner might be on firmer financial ground than the other, and offer to be a Of course, you can avoid this issue by filing jointly per the above tip. The United Nations recognizes womens land rights as a human right. will need to convey their deed to the new, larger groupwhile leaving their Shareholder (Stockholder): Definition, Rights, and Types, Controlling Interest: What It Is Plus Advantages, Examples, Poison Pill: A Defense Strategy and Shareholder Rights Plan.
There may be no rights for Alex's children if the surviving spouse (Ryan) remarries and places their assets in joint tenancy with a new spouse (Blake). You can own a property as either joint tenants or tenants in common. Real-estate-related tax deductions. Chapter 10. Our Succinct Guide to Judicial Liens on Real Estate. She is a FINRA Series 7, 63, and 66 license holder. If you split up, you have no financial responsibility for one another. TurboTax customersweve started your estimate. You can start investing with $10. Parents may be unaware that they have made a gift of only one-half of the value of the property. percentage could involve a condo purchase. SOLD MAY 19, 2022. If co-owners are taking title without having to finance the home, their unequal ownership percentages are up to them. The team at Mineral Auction know that the value of your land can be a long-lasting benefit to you and your family members if managed correctly, so we have focused on connecting property owners with our impressive list of over 11,000 buyers who are interested in purchasing the rights to your land. He has been a professional day and swing trader since 2005. WebIn common law property states, each co-owner's individual interest in joint property is typically treated as his or her separate property. Skip to the information you want by using the links below: Two or more people can own a home together as a "joint tenancy." Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only. If you're married to the other joint owner of the house, you can avoid tax complications by filing a joint return with your spouse. share responsibility for paying it back. This is in Pennsylvania. Co-buying with a friend, business colleague, or sibling as percentages. If you cannot agree on how to manage and control the property a partition action is the remedy. In single-mortgage situations, lenders often send a 1098 only to the first owner listed on the mortgage, using that person's Social Security number. This is a very good question. A Livingston County woman says you should after she says a worker for her builder tried to lock her out of her own brand new home. viduals owning the real property after the death of a tenant in common. My intent is to open a bike repair shop (w/ insurance) as to generate income for paying taxes and utilities, my brother is in opposition thus giving me a letter demanding I stop. The surviving owners receive sole ownership of the asset. The federal tax code simply describes the benefits available to property owners and defers to state and local laws that define legal ownership of property. This is sometimes overlooked by title companies but the The first step in splitting up a home is deciding who stays and who goes. A shareholder is any person, company, or institution that owns at least one share in a company. In some cases, we may provide links where you may, if you choose, purchase a product from a regulated provider with whom we have a commercial relationship.
The key is to agree as much as you can now, so you know where you stand if you break up and get it in writing. What Are My Rights as a Joint Owner of Real Property? Im a TurboTax customer
the same time. In the case that any of these precious materials are present, who owns the mineral rights and royalties of them is of extreme importance. 3 Beds. Similarly, a LLCs operating agreement could specify which member gets the final say in case of a tie. Although you have a right to sell your 75% interest in the whole, if you wish, you cannot force a sale of the entire property. A tenancy in
What percentages in ownership shares the Quitclaim deeds are a quick way to transfer property, most often between family members. Each Many people decide to share equity in their homes. expenses in proportion, too. Buying Out a Co-Owner of a House. Tenants in common can be a pair of owners or a group. All joint tenants own equal interests in the jointly-owned property. how to find out if there's oil on your land. To split the mortgage interest deduction between joint owners, you will need to include a statement of mortgage interest deductions with your tax filing. Got a question for our mentors? An Introduction to Intellectual Property Rights podcast on demand - AN INTRODUCTION TO INTELLECTUAL PROPERTY RIGHTS Intellectual Property is a subject of recent origin. Spouses in these states must split their marital income and expenses 50/50, and the IRS honors this law. payments, insurance, association fees, taxes, and other normal expenses. As such, its always recommended to consult with your local tax and/or real estate professional to see what your best options are. Then you can relax, and get on with the important business of enjoying living together. Duration: 00:00:37. Get every dollar you deserve and your max refund, guaranteed with Live Full Service Deluxe. Depending on your Shared Ownership lease, the association may have a right to nominate a new buyer for your property or to market your share for sale for an exclusive period of time, perhaps six or eight weeks. If each of you owned one-half, the answer would be the same. In other words, say you received 10 shares of stock as a gift. I am licensed in California, only. nothing, and is only in the tenancy in common to help Owner A buy and have real
If you and the companys co-owner truly believe youre contributing equally to the company in time and money, a 50/50 equity is a possible solution. The ownership status partly determines how owners pay property taxes and claim homeowner deductions and credits, so it's important to know which type applies for your home. All legal proceedings involve deadlines and time limiting statutes. It could mean a lot of cash in your pocket or someone elses pocket. Cohabiting does not give you and your partner the same rights as those in a marriage or in civil partnerships, which makes this kind of living situation more complicated. We recommend that you always check a lawyer's disciplinary status with their respective state bar association before hiring them.
Wendy is an Enrolled Agent, which means she is a federally licensed tax practitioner who specializes in taxation and has unlimited rights to represent taxpayers before the Internal Revenue Service (IRS). As tenants in common, owners can claim different proportions of various deductions and credits, instead of splitting them evenly. It may be simplest to make a copy of the 1098 form and attach the copy to the tax return instead of writing up a separate statement. For inspiration, read about Clodagh signing a deed of trust in order for her boyfriend Robert to protect the significant deposit his mother gave him to get on the property ladder. A Livingston County woman says you should after she says a worker for her builder tried to lock her out of her own brand new home. What are my rights as a 50% homeowner? For example, if one owner entirely funds the startup, if the other owner only contributes unskilled labor that can be easily replaced with a minimum wage employee, it rarely makes sense to give away half of the equity to the unskilled laborer for services. In order for a buyout to occur, an outside entity must acquire over 50% of a target companys outstanding shares, or have the votes of at least 50% of the current shareholders who will vote in favor of the buyout. I provide legal advice and counsel during the course of an attorney-client relationship only. When a piece of real estate has multiple owners, the ownership is usually held either in joint tenancy or tenancy in common. You and your brother own the land as tenants in common. The other owners also attach a statement to their returns with the name, address and Social Security number of the owner who received the 1098.
PennsylvaniaReal Estate Law Did you know that just because you own a piece of property, it doesnt mean you own the minerals? Mortgage calculator: How much can I afford? It is important to the analysis. Start with your legal issue to find the right lawyer for you. To buy fractional shares in a rental property on Ark7, you only need $20 (or $50 on Lofty, or $100 on Arrived ). during the buying process. How can I avoid an ex making a claim on my property? Learn about the signs to tell if there's oil on your land. * For purposes of this article, the term 50/50 ownership refers to equal ownership interests in a business venture. Typically, real estate taxes will be assessed on the property, and all owners listed on the deed are legally responsible for the full amount of the tax. For tenancy in common, this means that if the legal ownership of a property is recognized as, say, a three-way split of 40%, 35% and 25%, the owners would be eligible for deductions of 40%, 35% and 25% of the property tax paid. Mike Young has been practicing business and technology law since 1994 and is an angel investor in startups. They can be spouses, siblings, For example, it could be a proxy to vote a certain percentage of corporate shares given to the shareholder who will be the ultimate decision maker. Contact a qualified real estate attorney to help guide you through the home buying process. They are buying an asset that they If you own a home jointly with another person, you can be held liable for any failure to pay the entire amount of any debts related to that house, even if that responsibility technically belonged to another owner. In tenancy in common, a deceased owner's share goes to his or her heirs. Mineral rights can be separated from property rights or surface rights.
Do You Need to File for the Alternative Minimum Tax? This form is used to determine the amount (if any) of ene. | Last reviewed January 05, 2023. Air rights are becoming a legitimate concern for property owners. At this time, the current group Firms. $106,000 Last Sold Price.
this case, the primary buyer will live in the house, pay for the house, make Unmarried tenants in common must pay tax when selling the property in whole or in part. Any tenancy-in-common agreement should clearly spell out the responsibilities for paying property taxes for each owner, as well as other expenses. The trustee can't take the co-owner's share to satisfy your creditors.
Learn more about FindLaws newsletters, including our terms of use and privacy policy. We want to move house but dont want to sell. For those companies that do have a majority shareholderIt's also true that the role of a majority shareholder can look very different from one company to another. Duration: 00:00:37. partners or friends.
property to any beneficiaries they designate in their wills. We own houses, jewels, shares, money in the form of cash etc.
aware that no one is exempt from responsibility for paying off the mortgage, Does joint tenancy ownership avoid probate? My answer to any specific question would likely be different if that interplay were explored during an attorney-client relationship. Can each co-owner pitch Where we give providers or products a customer experience rating or a product rating, these are compiled against an objective criteria, using information which has been collected by our partner Fairer Finance. Your basis in the shares is $2,000, and overall it is valued at $20,000. 2002-2023 LoveToKnow Media. If you live in the United States, you live in a unique country when it comes to mineral rights. Log In. owner will live in the house.
You can start investing with $10. All this might sound overwhelming but youll both be happier if you face these issues head on, and come to an agreement. 
This manner of settling your dispute is costly, and the sale will typically yield a sales amount below market value. 
In that situation, the IRS will assume that the listed owner is the only one eligible to deduct the interest. Copyright 2007-2023 Law Office of Michael E. Young PLLC. This allows a court to determine if an offered share price is fair. 
problem can be averted through a consultation with a wills and estates lawyer 
Search for lawyers by reviews and ratings. The extent of each co-owners interest in the property generally depends upon how much they contributed to it. In some states, its the default mode for unmarried co-owners, so these owners become tenants in common unless they affirmatively pick another form of vesting. 
If you cannot agree on how to manage and control the property a partition action is the remedy. In single-mortgage situations, lenders often send a 1098 only to the first owner listed on the mortgage, using that person's Social Security number. This is a very good question. A Livingston County woman says you should after she says a worker for her builder tried to lock her out of her own brand new home. viduals owning the real property after the death of a tenant in common. My intent is to open a bike repair shop (w/ insurance) as to generate income for paying taxes and utilities, my brother is in opposition thus giving me a letter demanding I stop. The surviving owners receive sole ownership of the asset. The federal tax code simply describes the benefits available to property owners and defers to state and local laws that define legal ownership of property. This is sometimes overlooked by title companies but the The first step in splitting up a home is deciding who stays and who goes. A shareholder is any person, company, or institution that owns at least one share in a company. 
In some cases, we may provide links where you may, if you choose, purchase a product from a regulated provider with whom we have a commercial relationship. 
Depending on your Shared Ownership lease, the association may have a right to nominate a new buyer for your property or to market your share for sale for an exclusive period of time, perhaps six or eight weeks. If each of you owned one-half, the answer would be the same. In other words, say you received 10 shares of stock as a gift. I am licensed in California, only. nothing, and is only in the tenancy in common to help Owner A buy and have real