Titling your Condo

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Joint tenancy with right to survivorship: In joint tenancy with right of survivorship, each party owns an equal interest in the property and has an equal right to enjoy the property, said Devin Vos, vice president of Scottsdale based Thomas Title & Escrow. “But each joint tenant must acquire their interest in the property at the same time to establish joint tenancy,” he said. And: “On the death of a joint tenant, their percentage interest passes to remaining joint tenant(s) without the need for probate,” Etherton added.