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

JULY 10, 2025

Key takeaways: A joint tenancy is a legal arrangement between two or more individuals who own property together. A joint tenancy is only valid when the four unities are present: Unity of Title, Time, Interest, and Possession. Selling shares in a joint tenancy can sever the joint tenancy and convert it into a tenancy in common.

Tenancy in common

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

One partner can come home and say, ‘hey we bought a house today,’ but on the flip side, if a partner says, ‘hey I sold our house today’ that usually won’t work to convey title appropriately. In these examples, the way that the owners held title, and the marital property laws of the state are important considerations. Jennifer and.

Purchase and sale agreement

Realty Biz

NOVEMBER 18, 2021

I suggested to my husband that if we start paying half the mortgage that our names must be added to the title. In the end, I’m going to suggest that you consider asking them to add you to the house title using a “tenancy-in-common” (TIC) contract that explicitly says what you each pay and what rights each of you have.

Tenancy in common

HomeLight

APRIL 29, 2022

Here are a few of the most common types of home co-ownership scenarios , along with how each situation could affect your sale: Tenancy in Common. A tenancy in common is one situation where multiple people can own the same home. You also don’t have to be married to enter into tenancy in common.

Tenancy in common