JEANNE REARDON - Attorney at Law
RSS

Delivered by FeedBurner


Recent Posts

Why a Home Buyer Needs Title Insurance
Joint Ownership of Real Property in New York
Home Mortgage Refinance
Will I Pay Capital Gains Taxes on the Sale of My Home
How to Add Someone to the Deed of My New York Home as a Joint Owner

Categories

Capital Gains Tax
Closing Costs
Condos and Coops
Deeds
Foreclosure
Home Buying and Selling
Home Mortgage Refinance
Homeowner's Insurance
Investors
Loan Modification
Making Home Affordable
Real Estate
Real Estate Closing Costs
Refinance
Short Sales
Title Insurance
TRID
Types of Ownership of Real Property
Welcome
Zoning

Archives

June 2018
May 2018
February 2018
November 2017
April 2017
February 2017
January 2017
May 2016
April 2014
February 2014
January 2014
January 2013
August 2012
June 2012
March 2012
January 2012
December 2011
November 2011
October 2011
September 2011
July 2011

powered by

Real Estate Law Blog

May 2018

Joint Ownership of Real Property in New York

Joint property ownership can be a great solution for people who want to own a home, especially for first-time buyers. But joint ownership can limit your rights and options -- not only while you own the property, but also when you want to transfer ownership to an heir or another buyer. There are three major forms of joint property ownership (or "concurrent ownership") -- tenancy in common, joint tenancy, and tenancy by the entirety.


Tenancy in Common (TIC)

Tenancy in common (sometimes called a "TIC") is the most popular form of concurrent property ownership.