What is the difference between a joint tenancy and a tenancy in common? | Numerade
What is the difference between a joint tenancy and a tenancy in co…
10 months ago
numerade.com
Today we're talking about joint tenancy. With joint tenancy, two or more tenants(owners) own equal portions of a property and they share all the rights, income, and use of the property. They're also collectively responsible for paying the mortgage, taxes, maintenance and repair costs. The key part of Joint tenancy is the right of survivorship. This means that if one or more tenants die, the ownership passes on to the surviving tenant(s), so it avoids probate. This kind of ownership is commonly s
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Today we're talking about joint tenancy. With joint tenancy, two o…
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