In California, real property can be owned by multiple individuals or entities. Ownership is reflected by “holding” title to the property. The way in which title to a property is held by two or more people can have a significant impact on ownership interests and rights. When property is owned by two or more people, it is common for the property be held either as Joint Tenants or Tenants in Common. There are several differences between these two forms of holding title that are important to understand, because they affect survivorship, division of assets, and reimbursements.
On Tuesday, August 13th 2019, real estate attorney Lorena Roel presented a webinar about holding title to property in California, specifically focused on Joint Tenants and Tenants in Common. Whether you a real estate professional, homeowner, investor, escrow officer, or potential buyer, this webinar highlights key elements of holding title and dissects important considerations when selecting how to hold title. In the first part of an anticipated series of webinars related to title, this presentation focuses only on Joint Tenants and Tenants in Common, including:
- General mechanics for holding title to property
- General estate planning considerations that affect an owner’s rights
- Differences between joint tenancy and tenants in common
- Process for creating a joint tenancy through the four unities
- Default elements for joint tenants vs. tenants in common
- Changing how title is held from one form to another
- Title disputes and potential consequences under each form, and more!
You can watch the replay of the webinar below, as well as view or download the slides.
Watch the Replay
View the Slides
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