Holding Title to Real Property: Joint Tenancy, Tenancy by the Entirety and Tenancy in Common
Property owners may hold ownership in real estate with others in a number of different ways. Joint Tenancy provides for an undivided interest in the estate with each co-tenant having a right to the whole estate upon survivorship of the other tenant. Tenancy by the Entirety provides for a husband and wife to each have an undivided interest in the whole estate with a right of survivorship. Tenancy in Common provides for the tenants having a proportionate, distinct, undivided share in the property without the right to survivorship. A real estate lawyer can counsel you on the most appropriate way to title property you own with others.