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Are Your Tenants in Common or Joint Tenants?

Realty Biz

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.

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Your Guide to Selling a House with Multiple Owners

HomeLight

To connect with an agent, simply tell us a little bit about your property (single-family, condo, townhouse, mobile home, commercial, or vacant lot) and how soon you’re looking to sell. 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.