What is meant by Undivided Interest in a property?

Undivided Interest refers to a situation where multiple owners hold a collective interest in a property, meaning that each owner has a claim to the entire property rather than a specific portion. This means that regardless of how many owners there are, each has the right to use, occupy, and benefit from the whole property rather than an individually assigned section.

In practice, this is significant because it fosters cooperation among the owners and ensures that decisions regarding the property must typically be made jointly. For example, if one co-owner wants to sell their stake, they cannot simply sell a portion of the property; they can only sell their interest in the whole property, which requires coordination with the other owners. This concept is often applied in scenarios involving joint tenancy or tenancy in common, where the shared ownership model is foundational to property rights among multiple individuals.

The other options suggest either a misinterpretation of ownership rights or limitations that do not apply to the concept of Undivided Interest in real estate. For instance, the notion that owners can sell their shares separately would imply separate interests rather than a unified claim, which contradicts the essence of undivided ownership.