What Are The Advantages and Disadvantages of Joint Tenancy With Right of Survivorship?

Joint tenancy is a reasonably regular set-up that involves real estate ownership by two or more parties. Common types of shared interests include tenancy in common, community property, or joint tenancy with right of survivorship. Each of these arrangements carries pros and cons. But joint tenancy with right of survivorship (JTWROS) can be helpful in the event of death.

Dec 3, 2023

Does Tenancy by the Entirety (TBE) Have Right of Survivorship?

Tenancy by the Entirety (TBE) is one option among several ways of holding property with one or more others. TBE is only available for married couples who are treated as a single entity for tax purposes. In this usage, both parties have equal rights to the entire property, including these salient advantages:

Nov 28, 2023

What Happens if a Tenant in Common (TIC) Refuses to Sell?

What Happens if a Tenant in Common (TIC) Refuses to Sell?

A tenancy in common (TIC) is an arrangement between two or more individuals (the tenants in common) who share ownership rights to a piece of real estate.

Nov 17, 2023

Tenants In Common Right To Occupy: A Closer Look At This Unique Property Right

Tenants in common, also referred to as tenancy in common, or TIC, is a traditional form of joint property ownership.

Nov 8, 2023

How to Create Tenancy By the Entirety (TBE)

Many different entities can buy, own, and sell property. These include partnerships, joint tenants, and tenants-in-common or TICs. There is also tenancy by the entirety, or TBE.

Oct 19, 2023

Can One Joint Tenant Sell Property?

Joint Tenancy is among the standard methods for two or more individuals to share property ownership. Married couples and investment groups often employ a joint tenancy arrangement. In this structure, each owner holds an equal share, and all are equally responsible for obligations. A further attribute of joint tenancy is the right of survivorship, which means that if one tenant dies, their share passes equally to the other tenants rather than to a designated heir. While each joint tenant owner has an equal share, each has an undivided interest, meaning that they have full use of the shared property.

Oct 5, 2023

Download The Guide To Tenants-In-Common

The Investor's Guidebook to TIC's
Download eBook