Beneficial interest is defined as an individual’s right to benefit from a property or asset, regardless if they are legal owners of the property or asset.
At Ourboro, our beneficial interest, or ownership share, in the home is determined by how much each party contributes to the down payment.
Beneficial interest is important as it outlines each co-owner’s ownership share in the home, and how the appreciation will be divided among co-owners when the home is sold.
In a scenario where you and Ourboro each contribute 50% of the down payment, you each would have 50% of the beneficial interest in the property, and therefore have a 50% share in the home’s appreciation.
© 2023 Ourboro Inc.
Not ready to get started with Ourboro?
Get a crash course on co-ownership, and stay in the loop with Ourboro, by joining our mailing list.
We promise we won’t send you spam and you can unsubscribe at any time.
