Page 16 - Vancouver eGuide
P. 16
oamdmeron Ways of Holding Title StrSetrnegngthth| |ExExppeerrtisee | SServviiccee
COMMUNITY 81651Y65eaYerasrisn&BBuesyionnedss
SOLE JOINT PROPERTY TENANCY PARTNERSHIP/
OWNERSHIP TENANCY IN COMMON LLC
PARTIES Individual home Any number of Married persons Any number of Related or
DIVISION buyer persons or registered persons unrelated parties
OF INTEREST domestic
Individual holds Jointly own one partners Ownership can Strength |
all interest in the and the same Ownership be divided into Partnership/LLC
property interest, not interests are any number of holds title
undivided equal interests, equal or 165 Ye
interests unequal
CONVEYANCE Owner has All owners must Both owners Individual co- Partnership/LLC
sole right to use agree on use and must agree on owners do not sets parameters
and dispose of disposition of use need the consent for use and
property property and disposition of others to disposition of
of property, the use or dispose of property
interests cannot individual inter-
be sold separately ests
DEATH Property passes Property passes Half interest Individual’s Interest of the
to heir(s) or to survivor(s) retained by the interest passes individual passes
devisee(s) without going survivor and half to heir(s) or to heir(s) or
through probate through probate to decedent's devisee(s) devisee(s) which
heir(s) or through probate would become
devisee(s) partner(s)/
through probate members(s)
Remember there are many di erent ways in which owners can hold title. Don’t hesitate to call your
title o cer to discuss the best option for your circumstance.
This information is proudly brought to you by...
©Copyright 2014 Chicago Title Company. All Rights Reserved. Information
deemed reliable but not guaranteed. Consult your Legal Counsel or Real Estate
Professional with specific questions regarding your situation.
L I B R A R Y©Copyright 2012 Chicago Title Company. All Rights Reserved.
LIBRARY
CHICAGO
k n o w l e d g e i s p o w e rC H I C A G O
COMMUNITY 81651Y65eaYerasrisn&BBuesyionnedss
SOLE JOINT PROPERTY TENANCY PARTNERSHIP/
OWNERSHIP TENANCY IN COMMON LLC
PARTIES Individual home Any number of Married persons Any number of Related or
DIVISION buyer persons or registered persons unrelated parties
OF INTEREST domestic
Individual holds Jointly own one partners Ownership can Strength |
all interest in the and the same Ownership be divided into Partnership/LLC
property interest, not interests are any number of holds title
undivided equal interests, equal or 165 Ye
interests unequal
CONVEYANCE Owner has All owners must Both owners Individual co- Partnership/LLC
sole right to use agree on use and must agree on owners do not sets parameters
and dispose of disposition of use need the consent for use and
property property and disposition of others to disposition of
of property, the use or dispose of property
interests cannot individual inter-
be sold separately ests
DEATH Property passes Property passes Half interest Individual’s Interest of the
to heir(s) or to survivor(s) retained by the interest passes individual passes
devisee(s) without going survivor and half to heir(s) or to heir(s) or
through probate through probate to decedent's devisee(s) devisee(s) which
heir(s) or through probate would become
devisee(s) partner(s)/
through probate members(s)
Remember there are many di erent ways in which owners can hold title. Don’t hesitate to call your
title o cer to discuss the best option for your circumstance.
This information is proudly brought to you by...
©Copyright 2014 Chicago Title Company. All Rights Reserved. Information
deemed reliable but not guaranteed. Consult your Legal Counsel or Real Estate
Professional with specific questions regarding your situation.
L I B R A R Y©Copyright 2012 Chicago Title Company. All Rights Reserved.
LIBRARY
CHICAGO
k n o w l e d g e i s p o w e rC H I C A G O
