What does in care of mean on title?
Address correspondence with “care of” when you don’t know the recipient’s primary address. … For example, if you need to get in touch with someone but you don’t know their home address, you can use “care of” to send the mail to their business address. Using “care of” calls attention to the recipient.
What does C O mean in property?
“C/O” means “in care of“.
What does care of in real estate mean?
The relationship between a real estate agent and a client is called a fiduciary relationship. Fiduciary means faithful servant, and an agent is a fiduciary of the client. … Care: The agent must use all of her skills to the best of her ability on behalf of the client.
What does C O mean when buying a house?
A certificate of occupancy, or a CO, is document issued by the local municipality. It states that a property can be legally used for the purpose in which it is zoned.
What is the meaning of in care of?
Through someone, by way of someone, as in I sent the gift in care of your parents. This phrase indicates that something is to be delivered to someone at someone else’s address. [Mid-1800s] Also see in charge, def. 3.
What does C O mean in legal terms?
A prefix that denotes jointness or the state of being conjunct or united. To be together, with, or not separate from; conjoint or combined. A corespondent in a lawsuit is one who is joined as a defendant in the suit. A co-owner is a person who owns something in conjunction with another person.
Is co-ownership a good idea?
Shared ownership is a great way to get a stake in a property when you can’t afford or can’t borrow enough to buy outright on the open market. There are however common complaints from people in shared ownership schemes.
Can a property have two owners?
As joint owners, you may own the property as joint tenants or tenants in common. If you own the property as joint tenants then ownership of the property is by more than one person where, if one owner dies, his/her interest passes automatically to the surviving owner.
In most states, joint tenants must own equal shares of the property. This means that if A and B own property as joint tenants, A owns 50% of the property and B owns 50% of the property. Joint tenants receive their ownership shares by the same deed at the same time.
How do you write in care of?
To send a letter in care of someone, start the address with the recipient’s name, then write “c/o” and fill in the rest of the address.
What does C O mean in an estate?
Co-ownership of property means more than one person has an ownership interest in a piece of real estate. There are different types of co-ownership, including tenancy in common, joint ownership, community property and tenancy by the entirety.
What does in care of mean on a bill?
C/O stands for Care/Of.
It alludes to who needs to be addressed in the document. For example, if an invoice is for a company, you can put C/O to have it sent to a specific person like the head of the accounting department.
How does a co-ownership home work?
A co-buyer isn’t required to live in the house to be a part owner. … Co-ownership is one way a relative or close friend can essentially lend the money until the occupant home buyer can afford to buy him/her out. Non-occupant co-buyers may also be two or more individuals that purchase a property as an investment.
Can you buy a house without a CO?
Various approval conditions must be satisfied to obtain a home loan. Buyers who qualify for financing can purchase a house without a co-signer. … Buyers can contact credit union representatives, bankers and mortgage companies to apply for a home loan. A loan officer can review a buyer’s qualifications for a home loan.
Can you split ownership of a house?
With everyone physically out of the house, the legal process to split up property among multiple owners is called a partition action. This legal action divides the property in question equally between all owners, giving each party title ownership of a portion that they can sell independently.