Prior to the purchase of the real estate a buyer will need to determine how title in the real estate will be held, if other than in the name of a single individual buyer. The options are detailed below.
Joint tenancy
When a property is owned by joint tenancy, two or more owners hold equal joint title to the property with the rights of survivorship. If one of the joint owners dies, the legal title of that joint owner's interest in the property passes to the other joint owner(s) without requiring a further legal process.
Tenants in common
When
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Web page updated on 17 Mar 2025 13:14