Moiety_title
Moiety title
Legal term describing a portion other than a whole of ownership of property
In law, a moiety title is the ownership of part of a property. The word derives from Old French moitié, "half" (the word has the same meaning in modern French), from Latin medietas ("middle"), from medius.[1]
In English law, it relates to parsing aspects of ownership and liability in all forms of property.[2]
In the Australian system of land title, it typically applies to maisonettes or attached cottages whereby the owner owns a share of the total land on the title and leases a certain portion of the land back for themselves from the other owner(s). Some finance institutions do not offer loans for properties on moiety titles as security.[3]