Page 8 - WA Thurston County Home Buyers & Sellers Guide

Common Ways of HOLDING TITLE

SOLE JOINT COMMUNITY TENANCY IN PARTNERSHIP/
OWNERSHIP TENANCY PROPERTY COMMON LLC

Married persons
Parties Individual home Any number of or registered Any number of Related or
buyer persons persons unrelated parties
domestic partners

Ownership can
Jointly own one and
Division Individual holds the same interest, Ownership be divided into Partnership/LLC
of Interest all interest in the not undivided interests are any number of holds title
equal
interests, equal or
property
interests
unequal

Both owners
All owners must must agree on Individual co-owners Partnership/LLC
Owner has sole right do not need the sets parameters
Conveyance to use and dispose agree on use and use and disposition consent of others to for use and
of property disposition of of property, the use or dispose of disposition of
property interests cannot individual interests property
be sold separately

Interest of the
Half interest
Property passes Property passes retained by the Individual’s individual passes
to heir(s) or
interest passes
Death to heir(s) or to survivor(s) survivor and to heir(s) or devisee(s) which
devisee(s) without going half to heir(s) or devisee(s) would become
through probate through probate devisee(s) through probate partner(s)/
through probate
members(s)

Remember there are many dierent ways in which owners can hold title. Don’t hesitate to call your title officer to
discuss the best option for your circumstance.

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