Division of Interest (DOI)
Gridlync land and infrastructure glossary.
A division of interest is the schedule that allocates ownership and the resulting payments among the parties entitled to revenue or rent from a property, such as multiple landowners or royalty owners. Accurate DOIs are essential to paying the right amounts. The DOI assigns each owner a decimal interest that, multiplied by revenue, yields their payment, and it must account for fractional, inherited, and jointly held interests. An error in the decimals means someone is overpaid or underpaid every cycle.
Splitting payments correctly across many owners is error-prone in spreadsheets. Gridlync tracks the division of interest so each party is paid accurately.
Example
Revenue from the Holt lease is split under a division of interest among five heirs of the original owner. Sage Operating pays each heir a 0.20000000 decimal share of royalties, recalculating when one heir later sells half her interest.