A tenancy in common (TIC) agreement is a legal contract that defines the ownership stake of a property when there are multiple owners. Here’s more on the different types of TIC agreements and ...

The term tenancy for years refers to a fixed-term tenancy. Specifically, this type of tenancy comes with a definitive beginning and end date, which must be spelled out in a written lease agreement.

Some of the main benefits of joint tenancy include avoiding probate courts, sharing responsibility, and maintaining continuity. The primary pitfalls are the need for agreement, the potential for ...

For example, in a joint tenancy with two individuals, each joint tenant would have a 50% interest. In a joint tenancy with three individuals, each joint tenant would have a 33.33% interest, and so on.

A tenancy in common (TIC) agreement is a legal contract that defines the ownership stake of a property when there are multiple owners. Here’s more on the different types of TIC agreements and ...