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Joint Property and Concurrent OwnershipNolo  Form

Joint Property and Concurrent OwnershipNolo Form

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Instructions and help about Joint Property And Concurrent OwnershipNolo

the sqe curriculum requires that you understand the differences between joint tenants and tenants in common and this distinction also both in law and inequity so we're going to deal with that now so what's a joint tency a joint tency is a type of joint ownership of a property where each owner is called a joint tenant and each owns the whole of the asset rather than a distinct fractional share this means that a joint tenant cannot point to a particular share or interest in the property as his interest is in the whole of the item when a joint tenant dies the property passes to his personal representative as part of his estate this is known as the right of survivorship now what about a tendency in common a tendency in common is a type of joint ownership of a property where each owner owns a separate share in the property each owner is regarded as having a distinct share in the land even though the land in question has not been physically divided up between the owners upon

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