# ASC 810-970-45: Consolidation — Real Estate—General — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/970/#45-other-presentation-matters)

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## ASC 810-970-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/810/970/#45-other-presentation-matters)

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#### Undivided Interests

##### [810-970-45-1](https://asc.understandingaccounting.org/asc/810/970/#810-970-45-1)

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An investment in real property may be presented by recording the undivided interest in the assets, liabilities, revenue, and expenses of the venture if all of the following conditions are met:

1.  a
    
    The real property is owned by [undivided interests](https://asc.understandingaccounting.org/glossary/u/#undivided-interest "An ownership arrangement in which two or more parties jointly own property, and title is held individually to the extent of each party's interest.").
    
2.  b
    
    The approval of two or more of the owners is not required for decisions regarding the financing, development, sale, or operations of real estate owned.
    
3.  c
    
    Each investor is entitled to only its pro rata share of income.
    
4.  d
    
    Each investor is responsible to pay only its pro rata share of expenses.
    
5.  e
    
    Each investor is severally liable only for indebtedness it incurs in connection with its interest in the property.