joint tenancy: Relocating to Utah: Two different ways to Hold Title on your new home
- 03/28/12 08:54 AM
Ever wonder what the general difference between Tenancy in Common and Joint Tenancy are? When you purchase a home you "hold title" on that property. Here are two ways you can hold title. For specific information regarding this, contact an attorney. Tenancy in Common: Parties: Any number of persons or entities (can be husband and wife) Ownership: Ownership can be divided into any number of interests, equal or unequal Title: Each co-owner has separate legal title to their undivided interest Conveyance: Each co-owner's interest may be separately conveyed Purchasers' Status: Purchasers become tenants in common with the co-owners Death: Upon a … (2 comments)
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Kim Boekholder Utah Real Estate/ PECO
Broker Results Real Estate/Leasing Specialist PECO
Author Bio: Kim Boekholder Broker/Owner of Results Real Estate. Helping Sellers and Buyers. Relocating people thru out Utah. Personalized Service Desired Results. I also have a degree in Computer Programming and certifications in marketing. .
Ever wonder what the general difference between Tenancy in Common and Joint Tenancy are? When you purchase a home you "hold title" on that property. Here are two ways you can hold title. For specific information regarding this, contact an attorney. Tenancy in Common: Parties: Any number of persons or entities (can be husband and wife) Ownership: Ownership can be divided into any number of interests, equal or unequal Title: Each co-owner has separate legal title to their undivided interest Conveyance: Each co-owner's interest may be separately conveyed Purchasers' Status: Purchasers become tenants in common with the co-owners Death: Upon a … (2 comments)
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