Sentences with phrase «joint tenants automatically»

One pitfall of particular concern to real estate practitioners that this site addresses is the common misconception that owning property as joint tenants automatically ensures inheritance by the other joint owner.

Joint tenants automatically take over a tenancy.

Not exact matches

This means that, when one of the joint tenants dies, his ownership interest automatically gets divided between the surviving owners.

Joint tenants who live in the property as their main home automatically take over a tenancy.

On the death of one joint tenant the property automatically passes to the other joint tenant (s), regardless of what may be set out in the deceased person's will.

For joint tenants if one of you dies your share automatically passes to the other person.

If one joint tenant dies, his or her share generally passes automatically to the other joint tenant (s) by right of survivorship.

Joint: Tenant An individual who owns real or personal property together with one or more people in equal shares, usually in an arrangement where, upon the death of one joint tenant, the surviving joint tenant (s) automatically owns the deceased personà † s sJoint: Tenant An individual who owns real or personal property together with one or more people in equal shares, usually in an arrangement where, upon the death of one joint tenant, the surviving joint tenant (s) automatically owns the deceased personà † s Tenant An individual who owns real or personal property together with one or more people in equal shares, usually in an arrangement where, upon the death of one joint tenant, the surviving joint tenant (s) automatically owns the deceased personà † s sjoint tenant, the surviving joint tenant (s) automatically owns the deceased personà † s tenant, the surviving joint tenant (s) automatically owns the deceased personà † s sjoint tenant (s) automatically owns the deceased personà † s tenant (s) automatically owns the deceased personà † s share.

If this happened and you owned the property as joint tenants or common owners with a survivor - ship destination, your share would automatically pass to your ex-partner.

Form of joint ownership which provides that if one joint owner dies, his or her share becomes part of his or her estate rather than automatically becoming the property of the other joint tenants.

This form of holding title is most common between husbands and wives or parents and children, where the joint tenants want title to pass automatically to the surviving tenant.