What is Tenancy by the Entirety

Calendar June 21, 2011 | Posted by admin

Tenancy by entirety is one of those types of joint ownership of property, which is recognized in some states only. It is meant for married couples, but, in some states, legally registered domestic partners are also allowed to form this type of concurrent estate. In case of tenancy by the entirety, the spouses are treated [...]

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Tenancy in Common

Calendar September 23, 2009 | Posted by admin

     Tenants in common enjoy equal rights of possession. However, this does not mean that ownership is equitably distributed. Say, three tenants are in common agreement and they hold the property in proportion of 50:30:20 . A person who owns 20 percent of the property enjoys the same rights of occupation as one who owns [...]

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