First Home Buyers Hot tips

New Home Buyers Hot Tips: Part 27 Types of Property Ownership

New Home Buyers Hot Tips:

Part 27: Types of Property Onwership 

N)                Joint tenancy is where the property is owned by two people and when one person dies the ownership of the property automatically passes onto the living person. This means that the person who has past on, their share of the property never goes into that deceased person’s estate. Most married couples would have this arrangement.