The Close

DECEMBER 18, 2024

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Commercial

Redfin

JULY 1, 2025

Tenancy by the entirety: Reserved for married couples. Divorce typically converts it to a tenancy in common. Who pays for repairs or staging? Any unpaid balance will come out of the sale proceeds before anyone sees a dime. If an owner has passed away, their estate must be involved in the sale.

Sales

HomeLight

APRIL 29, 2022

And if everyone involved isn’t aligned from the start, you can end up disagreeing on important details when it comes time to sell — potentially wrecking the sale and wasting all of the owners’ valuable time. Fortunately, there are ways to set up a smooth sale on a co-owned property. Joint Tenancy.

Tenancy in common