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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.
Maggie's Team RE/MAX Anchor Realty 14806 Tamiami Trail North Port FL,34287 My Other Location: 3941 Tamiami Trail Punta Gorda FL 33950 Office:: (941) -875-4664 Cell:: (941) -875-4664 email:: maggiedasilva@NUMBER1EXPERT.com
Maggie's Team Specializing in, Sarasota Luxury homes,Florida Luxury Homes,Englewood Homes,REMAX Homes,REMAX foreclosures,Punta Gorda Homes, Punta Gorda real estate, Punta Gorda Homes for Sale, Punta Gorda Foreclosures, Punta Gorda Realtors, Punta Gorda Luxury Homes,Punta Gorda Waterfront Homes,Port Charlotte Homes, Port Charlotte Homes for sale, Port Charlotte Real Estate, Port Charlotte Real Estate For sale, Port Charlotte Foreclosures, Buy Punta Gorda Homes,Buy Port Charlotte Homes now, Nort Port Homes for sale, North Port Homes, North Port Real Estate, North Port Realtors,Venice homes, Venice Real Real Estate, Englewood Homes, Venice Real Estate, Nokomis Real Estate For sale,RE/MAX Realtors, RE/MAX International Listings, FREE MLS Search,Naples Bay colony beach Front condos,Pelican Bay Naples FL Beach Front Condos for sale,Member of National Association of REALTORS
RE/MAX Executive Club 2008,2009,2010
Multi-Million Dollar Producer 2008,2009,2010
2008 President's Club - Bronze Award
2009 President's Club - Silver Award
Member of: I.R.E.S
International Real Estate
C.D.P.E.
R.E.O. Certified
F.S.P. Designation
Sales Experience for over 15 Years.
RE/MAX Anchor Realty is #1
Awarded by RE/MAX International
#1 Broker Owner of the Year for North America#1 RE/MAX Office in Florida
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Thank you for getting us there.
Member: National Association of Realtors,
Florida Realtors,
Punta Gorda-Port Charlotte-North Port Association of Realtors
and the Mid-Florida Regional MLS
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