Are Your Tenants in Common or Joint Tenants?
Realty Biz
JANUARY 7, 2022
If so, you need to understand the two main ways that people buy property together: joint tenancy and tenancy in common (TIC). For example, joint tenancy is usually used by married couples or cohabiting partners who both want an equal share in the property and want to be able to inherit the other tenant’s share if he or she dies.
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