Co-ownership (other)
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Co-ownership (other)
Co-ownership is a legal concept in a business where two or more ''co-owners'' share the legal ownership of property. For the concept of co-ownership in different legal codes, see: * Concurrent estate, for co-ownership in the common law system * Co-ownership (association football), for co-ownership of a player in association football ( in Italy) See also * Capital participation * Equity sharing Equity sharing is another name for shared ownership or '' co-ownership''. It takes one property, more than one owner, and blends them to maximize profit and tax deductions. Typically, the parties find a home and buy it together as co-owners, but s ... * Joint ownership (other) {{disambiguation ...
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Ownership
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different parties. The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one's ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership is self-propagating in that the owner of any property will also own the economic benefits of that ...
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Property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted property rights. In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property). Property that jointly belongs to more than one party may be possessed or controlled thereby in very similar or very distinct ways, whether simply or complexly, whether equally or unequally. However, there is an expectation that each party's will (rather discretion) with rega ...
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Concurrent Estate
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. If more than one person owns the same property, they are commonly referred to as co-owners. Legal terminology for co-owners of real estate is either co-tenants or joint tenants, with the latter phrase signifying a right of survivorship. Most common law jurisdictions recognize tenancies in common and joint tenancies. Many jurisdictions also recognize tenancies by the entirety, which is effectively a joint tenancy between married persons. Many jurisdictions refer to a joint tenancy as a joint tenancy with right of survivorship, but they are the same, as every joint tenancy includes a right of survivorship. In contrast, a tenancy in common does not include a right of survivorship. The type of co-ownership does not affect the right of co-owners to sell their fractional interest in the property to others during their lifetimes, but it does affect ...
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Co-ownership (association Football)
Co-ownership is a system whereby two football clubs own the contract of a player jointly, although the player is only registered to play for one club. It is not a universal system, but is used in some countries, including Argentina, Chile and Uruguay. It was formerly commonplace in Italy, though the practice has now been abolished there. This type of deal differs from third-party ownership, in that in the latter, the player's contract is owned by a non-footballing entity, such as a management company. Italy Co-ownership deals were common in Italian football, before being banned at the end of the 2014–15 season. The practice was sanctioned in Article 102 bis of the FIGC Internal Organizational Regulations (''Norme Organizzative Interne della FIGC'') and were officially known as "participation rights" (''diritti di partecipazione''). For a co-ownership to be set, a player needed to be signed to a team and have at least two years left in their contract. It worked as a regular t ...
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Capital Participation
Capital participation (sometimes also called ''equity participation'' or ''equity interest'') is a form of equity sharing not restricted to housing, in which a company, infrastructure, property or business is shared between different parties. Shareholders invest in a business for profit maximization and cost savings, e.g., through tax deduction. A visible and controversial form of capital participation can be found in public-private partnerships in which the private sector invests in public projects and usually receive a time-limited concession for ownership or operation to make profits from the acquired property. See also * loan * risk capital * angel investor * shareholder * joint venture * profit sharing * private equity * takeover * mergers and acquisitions * privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometime ...
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Equity Sharing
Equity sharing is another name for shared ownership or '' co-ownership''. It takes one property, more than one owner, and blends them to maximize profit and tax deductions. Typically, the parties find a home and buy it together as co-owners, but sometimes they join to co-own a property one of them already owns. At the end of an agreed term, they buy one another out or sell the property and split the equity. In England, equity sharing and shared ownership are not the same thing (see the United Kingdom and England sections below). Equity sharing in different countries United States Equity sharing became desirable in the United States when in 1981 Section 280A of the Internal Revenue Code allowed mixed tax use of a single property for the first time permitting the occupier to claim principal residence tax deductions and the investor to claim investment property tax deductions. Since shared ownership is conferred by the federal tax code, this ownership vehicle can be used in any sta ...
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