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Homeownership Terms to Know: Rent-Back Agreement, Joint Tenancy & More

Windemere Buying

Tenancy In Common. When co-buyers hold a title as tenants in common, shares of the property can be divided equally or unequally. When a tenant in common passes away, their ownership is bequeathed to their designated heir. Tenancy In Severalty.

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Is Co-Buying a Home Right For You?

Windemere Buying

Tenancy in Common (TIC) When co-buyers hold a title as tenants in common, shares of the property can be divided equally or unequally. If a co-buyer dies, their ownership passes along to their designated heir. Unlike Tenancy in Common, co-owners must receive approval before selling any property shares.

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Your Guide to Selling a House with Multiple Owners

HomeLight

Use a Top Agent to Help Sell Your Co-owned House. Our data shows the top 5% of agents across the U.S. help clients sell their home for as much as 10% more than the average real estate agent. It takes just two minutes to match clients with the best real estate agents, who will contact you and guide you through the process.

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Can I Sell My House Without Both Owners’ Signatures?

HomeLight

Oldham and his wife Jennifer are top-selling agents in California who work with 70% more single-family homes than the average San Jose area agent. Real Estate Agent. Real Estate Agent at Compass. Next, you’ll need to see if your ownership with your partner is tenancy in common (TIC) or joint tenancy.