Redfin

JULY 1, 2025

Tenancy by the entirety: Reserved for married couples. Divorce typically converts it to a tenancy in common. Appoint one person to handle communication with your Redfin agent , contractors, and title company. Handle the title and debts upfront Before you get too far down the road, pull a title report.

Sales

Redfin

JUNE 10, 2025

Decide how to split ownership While there are several ways to divide property ownership, these are the two most common: Joint tenancy : This legal arrangement gives each owner equal rights and responsibilities for the house. Will you sell the home or refinance so one person holds the title?

Purchase and sale agreement

Redfin

JULY 17, 2025

Who will hold the home’s title Choosing how to hold the title to your home is one of the most important decisions you’ll make. The title determines who legally owns the property and what happens to each person’s share if one of you passes away. Joint tenancy with rights of survivorship : Both partners co-own the home equally.

Purchase and sale agreement

HomeLight

AUGUST 11, 2022

If you own the home with your spouse or partner, the process is relatively straightforward when both parties are available to sign all of the documents involved in the sale process. In these examples, the way that the owners held title, and the marital property laws of the state are important considerations. Jennifer and. Jennifer and.

Purchase and sale agreement

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

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.

Tenancy in common

Windemere Buying

NOVEMBER 21, 2022

A rent-back agreement (also known as a sale lease-back) is tailor-made for homeowners who are buying a home while selling their current one. A rent-back agreement is a clause in the sales contract that allows the seller to rent their old home from the buyer for an agreed-upon period of time before the buyer moves in. Tenancy In Common.

Rent back