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When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.
The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.
It is important to get professional advice when you plan to buy and hold title to real estate with another person.
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| Q |
What is the oldest U.S. capitol in which a state legislature still meets in its original chambers?
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| A |
New Hampshire's State House |
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The Jeff Silva Team
Keller Williams Real Estate
910 Harvest Dr. #100
Blue Bell, PA. 19422
Office: 215-646-2900
Direct: 215-664-1010
Fax: 215-664-1011
Email: ForSale@TheJeffSilvaTeam.com
Thank you for visiting our site. The Jeff Silva Team has been successfully helping buyers and sellers for over 10 years and we pride ourselves on providing the highest level of professionalism and customer service possible. We are 100% committed to ensuring a smooth and enjoyable real estate experience!
Jeff Silva - PA and NJ Licensed Realtor -- PA License # RS271228; NJ License # 0570813
JoAnn Silva - PA Licensed Realtor -- License #RS280995
Michael Maerten - PA Licensed Realtor -- License #RS291382
Jacki Silva PA and NJ Licensed Realtor -- PA License # RS311485; NJ License # 0898764
Patrick McGowan - PA Licensed Realtor --License #RS279809
Jenny Staples - PA Licensed Realtor --License #RS286235
Information deemed reliable but not guaranteed and is subject to errors and omissions.     
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