Joint Tenants vs. Tenants-in-Common

When asked about the title to their homes, most people will respond with the names of people with whom they share title. When asked if the people on title are on as joint tenants or tenants-in-common, they usually don’t know.

Joint Tenancy

When a property is held in joint tenancy, when one joint tenant dies, the entire property belongs to the remaining, surviving joint tenant.

Tenants-in-Common

Tenants-in-common differs in that each person owns a half, or third or some other portion that belongs only to them.

This is an important issue for many reasons, including that of estate planning, which is conducted by Martin Sanderson at our office. Paul Nettleton is the real estate lawyer who can assist you with your purchase or sale of property.

Please get in touch if you have any questions.