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Estate planning Joint ownership of property Key points Jointly owned real estate can be held either as joint tenants or tenantsincommon If property is held as joint tenants, on the death of either
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Gather all necessary information of co-tenants including names and contact information.
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Review the terms of the joint tenancy agreement to understand rights and responsibilities.
03
Fill out the joint tenancy agreement form accurately and completely.
04
Have all co-tenants sign the agreement in front of a notary public to ensure validity.
05
Keep a copy of the signed agreement for your records.

Who needs what are joint tenants?

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Individuals who want to co-own a property with one or more other parties.
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Landlords looking to have multiple tenants on a lease agreement.
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Estate planners who want to establish joint tenancy with rights of survivorship for property inheritance purposes.
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Joint tenants refers to two or more people who own property together with equal rights and obligations.
Joint tenants are not required to file any formal documentation, but it is recommended to have a written agreement outlining the terms of ownership.
To establish joint tenancy, individuals must specify their intent to create joint tenancy in the deed or title of the property.
The purpose of joint tenancy is to ensure that all owners have an equal share of ownership and the right of survivorship.
The names of all joint tenants, the percentage of ownership for each tenant, and the type of property being owned jointly must be reported.
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