If you’re planning on buying real estate with a friend, relative or business partner, you may consider a tenancy in common (TIC) agreement. This legal arrangement allows for shared ownership of a home ...
Property ownership comes in many different forms. Instead of being a direct owner, there are structures that allow several owners, like tenants in common in a tenancy in common (TIC) arrangement, to ...
When it comes to sharing property with another person, there are a few different forms of legal ownership to choose from. Of these, two common shared estate ownership options include joint tenancy and ...
Joint tenancy is a type of shared property ownership. In a joint tenancy agreement, two or more people share an equal amount of ownership in the home. There are no limits to who can own the property ...
On the other hand, when a joint tenancy owner dies, their ownership interest is extinguished. It just stops. They no longer ...
Joint tenancy on a deed is a form of property ownership that enables two or more individuals to hold equal shares of a property, subject to specific rights and conditions. This kind of ownership is ...
Understanding the different types of ownership in real estate is essential for anyone buying, selling, or investing in property. The way a property is owned affects legal rights, tax implications, and ...
Q: My wife and I purchased a home over 40 years ago. The original deed is titled as John Smith and Sally Smith. This defaults to tenants in common in Georgia. Sally is my wife of over 50 years. We are ...
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In a recent decision handed down by the Pennsylvania Supreme Court in Grant v. Grant, the court dealt with the effect of a self-conveyance of real property where a mother sought to sever a joint ...