Moiety

joethegrinder

in land law what does an undivided moiety mean stamped on your deeds actually mean?

Marcusm

https://www.boards.ie/discussion/2058382674/moiety

it means that you are a co-owner as to 50% of the property but that you own it jointly with another person, ie you don’t have an identified part of the property which belongs to you to the exclusion of others.

joethegrinder

it also says that I am a tennant in common, what does that mean along with the undivided moiety

divillybit

It means you are a tenant in common owner of one undivided 1/2 share of the Folio. You can sell your half share and the owner of the other half of the property could not object.

Peregrinus

https://www.boards.ie/discussion/comment/122907408#Comment_122907408

. . . If you could find anybody to buy a half-share in the property, but in the open market it's very unlikely that you could. Nor could you mortgage your half-share to raise money; no bank would lend on the security of a half-share in a property.

The main difference in practice between a tenancy-in-common (which is what the OP has) and a joint tenancy is that joint tenants have a right of survivorship; when first joint tenant dies, the remaining joint tenant becomes the sole owner of the entire property. That's why joint tenancy is the usual way in which a married couple hold jointly-owned property.

But with a tenancy-in-common, when one of the co-owners dies their share becomes part of their estate and passes to their heirs under their will or, if they have not made a well, under the rules that apply to the estates of people who have not made a will.