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The Case, Name the Joint Tenant in Field 29 Form

The Case, Name the Joint Tenant in Field 29 Form

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if you're thinking about shared Cottage ownership you're going to want to understand the two main forms of collective property ownership we're going to start with joint tenancy and each owner owns an equal interest in the property so put your husband and a wife owning a home together joint tenancy comes with a special feature called right of survivorship so one owner passes away the surviving owner automatically inherit the deceased person's share regardless of what the will may say which is fine if it's a husband and wife but what if the four people on title on a cottage the same rule applies the other form of ownership is called tenants in common in this scenario each person owns a specific percentage of the property unlike uh joint tenancy one co-owner can have a greater share of ownership than the others but when it comes to passing on the ownership it's a different story because if one of the co-owners die their share is distributed

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