TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

UNDIVIDED ONE-HALF INTEREST [1 record]

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Record 1 2002-09-03

English

Subject field(s)
  • Property Law (common law)
CONT

... the partner with the great credit must own and finance the home solely; the non-qualifier has no legal rights to the property. Further, a post-closing transfer of an undivided half interest to the non-qualifier normally would constitute a loan default if the lender chooses to check the public records. In other words, buying the house in one name and then transferring title into both names could result in acceleration or foreclosure.

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
CONT

La part de chacun dans le bien détenu en copropriété indivise (en l'absence d'une telle convention écrite) vous serez en effet présumé être chacun propriétaire de la moitié indivise du bien détenu en copropriété.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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