UNDIVIDED SHARE Sample Clauses
The "Undivided Share" clause defines the ownership interest of a party in a property or asset as a fractional share that is not physically separated from the whole. In practice, this means that each co-owner holds a percentage of the entire property, rather than a specific, delineated portion; for example, two parties might each own a 50% undivided share in a parcel of land, granting both equal rights to use and benefit from the entire property. This clause is essential for clarifying the nature of co-ownership, preventing disputes over physical division, and ensuring that all parties understand their rights and obligations regarding the shared asset.
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UNDIVIDED SHARE in relation to a flat shall mean the proportionate variable undivided indivisible and impartible share or interest in the land comprised in the Premises which is attributable to the flat concerned;
UNDIVIDED SHARE. In relation to a Unit/Flat shall mean the undivided proportionate indivisible impartiable variable share in land comprised in the said premises, which is attributable to the Unit/Flat concerned.
UNDIVIDED SHARE. The undivided proportionate share or interest in the land of the said premises attributable to the said flat and the said car parking space.
UNDIVIDED SHARE. The Owner and the Promoter have informed the Allottee/s and the Allottee/s is/are fully aware that the undivided share agreed to be sold in Schedule 'A' Property hereunder is proportionate to the size of the Schedule 'C' Apartment to be constructed on the Schedule 'A' Property.
UNDIVIDED SHARE. In relation to a Unit/Flat shall mean the undivided
UNDIVIDED SHARE attributable to the said apartment/unit shall mean the undivided proportionate impartible variable share restricted only in an area of land in the said Premises where the said apartment/unit has been built up in an area of the said premises.
UNDIVIDED SHARE. Undivided share shall mean and include the ownership of the undivided share or interest, impediment, right and interest in the land comprised in the said property upon which the multi-storeyed building is forming a part of the First schedule property.
UNDIVIDED SHARE in relation to a Flat or a Commercial Space shall mean the proportionate variable, undivided, indivisible and impartible share or interest in the land comprised in the Premises which is attributable to the concerned Flat or Commercial Space;