Spring Lake, Sea Girt and Wall Township real estate and homes for sale in New Jersey, Waterfront - Donna Fahy-Waters, REALTOR® Donna Fahy-Waters REALTOR(r) for Spring Lake, Sea Girt and Wall Township, New Jersey real estate, Waterfront - NUMBER1EXPERT™ Donna Fahy-Waters NUMBER1EXPERT(tm) for Spring Lake, Sea Girt and Wall Township, New Jersey real estate, Waterfront
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Donna Fahy-Waters, REALTORŪ, real estate agent and broker for Spring Lake, Sea Girt and Wall Township New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
Titles >Joint Tenancy

When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.

The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.

It is important to get professional advice when you plan to buy and hold title to real estate with another person.

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Real Estate Trivia
Q 
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?

A 
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean.
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Donna Fahy-Waters, REALTORŪ, real estate agent and broker for Spring Lake, Sea Girt and Wall Township New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Donna Fahy-Waters
Coldwell Banker Residential Brokerage

1224 Third Ave
Spring Lake, NJ 07762
Office: (732) 449-2777
Cell: (908) 601-0645
Fax: (732) 449-0352
donnafw@NUMBER1EXPERT.com

My commitment to excellence dominates my approach to all of my clients. Acknowledged as an industry leader in the top 1% of all Realtors nationwide and a top office producer from 1998 -2006, my results reflect my sales, marketing and financial educational background. From condos to castles, Expect the Best!

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Coldwell Banker Residential Brokerage real estate and homes for sale in Spring Lake, Sea Girt and Wall Township New Jersey

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