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 ...
How long – if ever – has it been since you pondered the difference between a “tenancy in common” and a “joint tenancy”? Same for us, until the wheels came off a family relationship and a lawsuit was ...
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 ...
QMy friend and I signed a contract to buy a condominium, with settlement scheduled for the end of July. We are both putting up equal amounts of money for the purchase and have agreed to share all ...
Last month’s column showed how adding a child or other nonspouse family member to the title of property as a joint tenant can create unintended consequences of deemed gifting for gift tax purposes. In ...
Tenancy in common allows each owner to sell, use, or mortgage their real estate share independently. Investors need agreements to manage risks when co-owning property in tenancy in common. REITs can ...
West Virginia is one of many states that does not recognize tenancy by the entirety as a property ownership structure. Married couples in the state can hold property as joint tenants with rights of ...
As parents age, families sometimes struggle with how to best keep their parents’ financial affairs in order. One common approach is for aging parents to put one or more of their children on their ...