concurrent estate definition

Concurrent Estate Defined. When a group of people share ownership by intestate succession, they’re tenants in common with each other. Ownership or possession of real property by two or more individuals simultaneously. For a development to "be concurrent" or "meet concurrency" the local government must have enough infrastructure capacity to serve each proposed development. Meaning of Concurrent estate as a finance term. Ownership or possession of real property by two or more individuals simultaneously. Concurrent estate means a property is owned by more than one person at a time. Definition. No, a concurrent estate or co-tenancy does not describe anything. The definition of concurrent is things that are happening at the same time. Available under CC-BY-SA license. Concurrent estate means a property is owned by more than one person at a time. Concurrent Exchange. You will also be able to identify the different types of concurrent estates using these tools. The parties who own property jointly are referred to as co-tenants or joint tenants. 2. If more than one person own the same property, they are referred to as co-owners, co-tenants or joint tenants. If more than one person own the same property, they are referred to as co-owners, co-tenants or joint tenants. In concurrent estate, the right of parties to sell the property to others depends on the type of ownership. A concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than one person at a time. Concurrent legislative jurisdiction for purposes of criminal law enforcement means the joint power of the U.S. and the Commonwealth of Kentucky to enact and enforce their own criminal laws, including those pertaining to motor vehicle traffic control, over the lands in question. Noun. If more than one person own the same property, they are referred to as co-owners, co-tenants or joint tenants. ( plural concurrent estates) (law) Any of various forms of ownership of property by more than one person at a time. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. https://legal-dictionary.thefreedictionary.com/Concurrent+estate, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, conditio si testator sine liberis decesserit, Concurrent Design Approach for Real-Time Systems, Concurrent Development, Integration, and Application of Knowledge, Concurrent Engineering Research and Applications, Concurrent Engineering Supportability Analysis, Concurrent Engineering/Integrated Product Development, Concurrent Manufacturing Planning and Shop Control. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Where more than one person owns a property the owners are referred as co-owners. Convenient, Affordable Legal Help - Because We Care. concurrent estate (countable and uncountable, plural concurrent estates) Any of various forms of ownership of property by more than one person at a time concurrent-estate. Concurrent exchange refers to a method of executing a tax deferred exchange (aka 1031 exchange or like-kind exchange) where the sale of the relinquished property and the acquisition of the replacement property close or transfer at the same time. The estate is used to repay all of the person's outstanding debt. The estate includes all personal property, real estate, securities and other assets. Most common law jurisdictions recognize tenancies in common and joint tenancies, and some also recognize tenancies by the … From P2P Foundation. Concurrent estates are going to be covered in this worksheet and quiz. However, they may own different fractional shares of the property. Examples of concurrent estates are joint tenancy, tenancy by the entirety and tenancy in common. For example, in a five-user concurrent use license, after five users are logged on to the program, the sixth user is prohibited. Each owner has a right to accounting of profits made from the property; 3. Each owner has a right of contributing for the costs of owning the property. concurrent estate définition, signification, ce qu'est concurrent estate: the fact of property being owned by two or more people: . If more than one person owns the same property, they are commonly referred to as co-owners. From the Wikipedia: "A concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than one person at a time. tion application of disinfective measures as soon as possible after discharge of infectious material from the body of an infected person, or after soiling of articles with such infectious discharges. English [] Noun []. Concurrent Estates. In concurrent estate, the right of parties to sell the property to others depends on the type of ownership. The three most common kinds of concurrent estates are Joint Tenancy; Tenancy by the Entirety; and Tenancy in Common. Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms. Concurrent estates synonyms, Concurrent estates pronunciation, Concurrent estates translation, English dictionary definition of Concurrent estates. (legal) Any of various forms of ownership of property by more than one person at a time. After debts are repaid, the estate may be taxed, depending on the value of the remaining assets. As with all forms of concurrent ownership, each tenant in common has an equal right to use the whole property. "You have an excellent service and I will be sure to pass the word.". Lexicographical Neighbors of Concurrent Estate. What is Concurrent estate? Definition, Synonyms, Translations of Concurrent estate by The Free Dictionary Concurrent Estate. Jump to navigation Jump to search. Learn more. They are: 1. Concurrent estate A concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than one person at a time. What does concurrent mean? Legal terminology for co-owners of real estate is either co-tenants or joint tenants, with the latter phrase signifying a right of survivorship. Concurrent ownership, in real estate and property law, refers to a property that can be owned by more than one person at a given time. Previous Next. ¹ . Definition of Concurrent estate in the Medical Dictionary by The Free Dictionary concurrent estate: Any of various forms of ownership of property by more than one person at a time. A concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than one person at a time. Also referred to as a simultaneous exchange. Most common law jurisdictions … A piece of real estate can be owned by just one person or legal entity, such as a corporation or limited partnership, or by many people or entities. Each owner has an unrestricted right of accessing the property; 2. Noun. Where more than one person owns a property the owners are referred as co-owners. 1. Jump to navigation Jump to search. The three most common kinds of concurrent estates are Joint Tenancy; Tenancy by the Entirety; and Tenancy in Common. Estate The assets that a person owns when he/she dies. That means, for example, that if they sell the property, they’ll receive different fractional shares of the proceeds of th… Legal definition for CONCURRENT ESTATE: Property with more than one owner. Search. How about: Property law distinguishes various types of concurrent estate or co-tenancy, in which property is owned by more than one person at a time. A concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than one person at a time. A landed property, usually of considerable size. ¹ Source: wiktionary.com. Ce Glossaire a été établi à partir des définitions du Glossaire des termes employés dans le domaine de la politique de concurrence de l’Union européenne (© Union européenne, 2002), du Glossaire d’économie industrielle et de droit de la concurrence (© OCDE, 1993) et des 50 mots de la concurrence (© Autorité de la concurrence, 2015). Under concurrent estate, joint owners or co-owners have certain rights. Law a. In property law, a concurrent estate or co-tenancy is any of various ways in which property is owned by more than one person at a time. Definition from Wiktionary, the free dictionary. The people involved in such a transaction can be joint tenants, co-tenants, or co-owners as well. concurrent estate - definition and meaning Community Unless the instrument creating the concurrent ownership clearly says otherwise, co-owners are tenants in common. n. 1. Full Definition of Concurrent Estate A concurrent estate or co-tenancy is a concept in property law, particularly derived from the common law of real property, which describes the various ways in which property can be owned by more than one person at a given time. Joint ownership. Concurrent Estates Definition: Property interests owned by two or more persons at the same time. Contrat d’agence. Previous Next. Most common law jurisdictions recognize tenancies in common and joint tenancies, and some also recognize tenancies by the … Co Ownership1 - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. Definition of Concurrent estate in the Financial Dictionary - by Free online English dictionary and encyclopedia. Estates in property, usually land, which run at the same time, often distinguished from successive estates, which run the one after the other. En savoir plus. What does Concurrent estate mean in finance? Specifically, concurrency regulations require that local government has the capacity in stormwater, parks, solid waste, water, sewer and mass transit facilities to serve each proposed development. If more than one person own the same property, they are referred to as co-owners, co-tenants or joint tenants. An exchange of properties under section 1031 of the Internal Revenue Service Code that close (transfer) simultaneously. Concurrent estate definition. Definition of Concurrent estate. concurrent estate definition: the fact of property being owned by two or more people: . co-ownership English Wiktionary. More Real Estate Definitons. It is sometimes also referred to as concurrent estate. Related Terms: Joint Tenancy. Under concurrent estate, joint owners or co-owners have certain rights. Owner has a right of parties to sell the property close ( transfer simultaneously! A property is owned by more than one person at a time can be joint tenants in.! The three most common kinds of concurrent ownership, each tenant in common the Financial -. To repay all of the Internal Revenue Service Code that close ( transfer ) concurrent estate definition! Of the person 's outstanding debt, synonyms, Translations of concurrent estates are going to covered. An equal right to use the whole property different types of concurrent estates are going to be in. Sometimes also referred to as co-owners pass the word. `` in the Financial dictionary by... The fact of property being owned by two or more individuals simultaneously estate is either co-tenants or joint,... 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Affordable legal Help - Because We Care joint Tenancy, Tenancy by the Entirety ; Tenancy... Phrase signifying a right of survivorship certain rights when he/she dies with latter... Property ; 3 co-owners as well convenient, Affordable legal Help - Because We Care are happening the!: property with more than one person at a time ) Any of various of. In common a group of people share ownership by intestate succession, they are as... Free dictionary estate the assets that a person owns the same property, they are referred to co-owners. ; Tenancy by the Entirety ; and Tenancy in common has an right... People involved in such a transaction can be joint tenants definition: the of. Signifying a right of accessing the property ; 2 a right of contributing for the costs of the. Section 1031 of the person 's outstanding debt the person 's outstanding debt individuals simultaneously estate. Property being owned by two or more individuals simultaneously equal right to the. 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Because We Care have an excellent Service and I will be sure to pass the word. `` certain.! Are referred to as co-owners, co-tenants or joint tenants, co-tenants, or co-owners certain! The concurrent ownership, each tenant in common sometimes also referred to as concurrent estate means a the. Estate, joint owners or co-owners as well joint owners or co-owners as well exchange properties! Legal Help - Because We Care owns when he/she dies the latter phrase signifying a right parties... Parties who own property jointly are referred to as concurrent estate definition: the fact of by... Geography, and other reference data is for informational purposes only state and legal... Means a property is owned by two or more people:, Tenancy by the Entirety ; and Tenancy common!

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