Author: briang77

Types of Joint Ownership and Legal Implications There are three main types of joint ownership when it comes to real estate: Tenancy in Common This is the most common form of joint ownership. Each owner has an undivided interest in the property, and their ownership shares don’t have to be equal. Each owner can sell … Continued

What is Joint Ownership? Joint ownership refers to a situation where two or more individuals hold legal ownership rights to a property simultaneously. There are two primary types of joint ownership: Joint Tenancy: In a joint tenancy, co-owners have equal and undivided interests in the property. If one owner passes away, their share automatically transfers … Continued

Introduction When multiple individuals own a property together, the process of selling that property can become significantly more complex compared to a single-owner situation. Lack of effective communication among co-owners is one of the most common challenges that can arise, leading to misunderstandings, delays, and even conflicts that can derail or prolong the sale process. … Continued

A tenancy in common is a popular way for co-owners to take title to a home. This way of vesting offers an alternative to joint tenancy, in which a home is co-owned, but the owners split their interest evenly. Here, we talk about what a tenancy in common is, and why its allowance for co-owning … Continued

Introduction: Selling a Jointly Owned Property Joint ownership of property is a situation where two or more individuals share legal ownership rights over a single asset, such as a house, land, or commercial property. The two most common forms of joint ownership are tenancy in common and joint tenancy. In a tenancy in common arrangement, … Continued

Introduction to Property Financing Investing in real estate can be a lucrative endeavor, but securing the right financing is crucial for success. Whether you’re a seasoned investor or just starting out, understanding the various financing options available for investment properties can help you make informed decisions and maximize your returns. Let us help when you … Continued

What is a Home Inspection? A home inspection is a comprehensive visual examination of a property’s condition, from the foundation to the roof. It is typically conducted by a professional home inspector when a home is being bought or sold. The primary purpose of a home inspection is to identify any potential issues, defects, or … Continued

Introduction to Rental Income Rental income refers to the money earned by property owners from leasing out their real estate assets to tenants. This form of income is a significant source of revenue for individuals and businesses that own residential or commercial properties. The importance of rental income lies in its potential to generate a … Continued