Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Rent and Lease / Tenant / How to Calculate Tenants in Common Percentages?
Q.

How to Calculate Tenants in Common Percentages?

view 20Views

57 days

Comment

1 Answers

Send
0 2024-09-25T06:38:52+00:00
⤺ Reply

Tenants in Common refers to a form of property ownership where two or more individuals hold shares in a property. Unlike joint tenancy, where all owners have equal rights, tenants in common can hold unequal ownership percentages. So, calculating these percentages is essential for determining each person's share in the property. Read on and follow the steps to learn how to calculate tenants in common percentages.

Steps to Calculate Tenants in Common Percentages

Before that, you must understand the total value of the property. This could be the purchase price or the current market value, depending on what is being calculated. Tenants in common can hold varying ownership stakes based on how much each person contributed to the purchase of the property. 

Let’s understand the calculation with an example. If Person A paid Rs40 lakh and Person B paid Rs60 lakh towards a property worth Rs1 crore, the percentages are based on these contributions.

Divide each owner’s contribution by the total property value and multiply by 100 to get the percentage:

  • Person A's share: (Rs40 lakh ÷ Rs1 crore) × 100 = 40%

  • Person B's share: (Rs60 lakh ÷ Rs1 crore) × 100 = 60%

Sometimes, the ownership may not directly reflect financial contributions but be influenced by legal agreements or family arrangements. In such cases, percentages are based on the agreed-upon values between the parties.

Each tenant in common can transfer or sell their share independently. The percentage of ownership determines their share of profits, rent, and liabilities, as well as inheritance. I hope you found the answer helpful.

Get Your Property Documents Verified by Advocates from NoBroker Legal Team

Read more

Tenant Rights After 10 Years India: Can a Tenant Claim Ownership of a House in India

  

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

Want to Rent My Property to Amazon or Flipkart or MyntraHow to Approach Banks to Provide Space for Bank Branch?What Happens When 99 Year Lease Expires in India?How to Rent a Suitable Commercial Space for Bank and ATM Installation?I Want to Install BSNL Tower On My Land. How to Get it Done?How to rent property for telecommunication tower?If I give my land for the airtel tower installation, how much rent I will get from the company?How to Install Tower on my Land?I want to get ATM machine installation on my property and give it for rent.I want to rent out a warehouse space around 2000 sq ft to 3000 sq ft at Alwar, rajasthanSee All

Recently Published Questions

What Do You Need to Rent an Office Space?Is Office Space Considered Commercial?What Happens When 99 Year Lease Expires in India?How to Rent Out Property to Bank?How to Install Tower on my Land?How to rent property for telecommunication tower?Which are the Best Co Working Space in Mumbai?Whom to contact to give my shop for bank/ATM?How to Calculate Commercial Rent per square Foot ?Main Apni Zameen Par Tower Lagwane Hetu Kise Sampark Karu?See All

Authors Of The Question

profile
Akanksha MBA finance

9 Total Answers


0

0

profile

Recently Answered Questions

What is Constructive Possession of Property? How can I Get a Instant Loan in 5 Minutes? Do Transactions Go Through on Bank Holidays? How to Check Last 5 Transaction in PNB? Can a Landlord Force You to Get Renters Insurance? Can a Landlord Charge Fines? Is GST applicable on resale flat? What Will Happen to a Flat After 50 Years? How to remove pension contribution How to Download GST Registration Rejection Order?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners