Whats the difference joint tenancy and tenancy in common?
If you’re sharing ownership of the property, there are two ways to register. For “joint tenants,” if one owner dies, the property automatically goes to the surviving owners, without becoming part of any estate. Joint tenancy is common between spouses, especially for the house they live in. Meanwhile, if a “tenant in common” dies, his share goes into his estate and is dealt with according to his will, if any.
