Tenants in Common vs Joint Tenancy

Buying as Joint Tenants you buy a property with one or more people subject to the law of survivorship. If one person dies the property is automatically owned by the remaining people. No person has a specific interest in the property, they all own it equally together.

Buying as Tenants-in-Common each person owns a share of the property & can give/bequeath their share to another person.

Sharon Cranfield

+1 (441) 305-8074 - Cell

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