Home Ownership: Joint Tenants or Tenants In Common
Sunday Jan 7th, 2024
ShareIf you own a property with another person, title can be held one of two ways: Joint Tenants This is the most common way for legally married spouses to hold ownership of their home in Ontario. If one of the Joint Tenants dies, there is a right of survivorship and the remaining owner continues as sole owner. Probate is not required. Tenants In Common Each owner has a divided interest in the property. It does not have to be equal ownership. When one of the Tenants In Common dies, their... [read more]