Monday, January 17, 2011

Types Of Co-Ownership


Husband and Wife

This designation is commonly used by married couples acquiring title together. It is often used in conjunction with one of the other co-ownership designations. For designations reserved exclusively for married couples (tenancy by the entirety, community property and community property with right of survivorship), it lets everyone know that the new owners are in fact married. If the designation is used alone without any other designation, the law varies from state to state with regards to how the title to the real estate is held(tenancy in common, joint tenancy, tenancy by the entirety, community property or community property with right of survivorship).

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