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Tenancy in common or joint?
kzzhar0
Posts: 80 Forumite
What's the difference between the two if we have 50-50 shares?
0
Comments
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Joint tenants both own all the property.
Tenants in common own a specific share of the property.
TIC can leave their share to someone other than the other owner in their will.0 -
If you are joint tenants and one of you dies then the other share of the property automatically belongs to the other joint owner. You can't pass it on to someone else in your will.0
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