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School Reports in Lancaster County, Manheim Township and Hempfield, Pennsylvania
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Real Estate Tips
Titles >Ways to Hold Title

When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.

"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".

It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."

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Real Estate Trivia
Q 
What is the most unusual maintenance project done once each year in the United States?

A 
The Niagara Falls is shut down for maintenance every year in the fall by diverting the flow of water for 24 hours using a massive series of pipes constructed in 1837.
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Brunner Burkhart Group Logo
Brunner Burkhart Group, REALTOR®, real estate agent and broker for Lancaster County, Manheim Township and Hempfield, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

R. Ashley Brunner
Prudential Lancaster Real Estate

100 Foxshire Drive
Lancaster
PA, 17601
Office: 717-291-9212
Fax: 717-393-2336
Ashley Brunner Cell: 717-380-4212
Ron Burkhart Cell: 717-283-8356
Sharon Burkhart Cell: 717-283-8355
Email: info@BrunnerBurkhart.com
Ashley: Ashley@BrunnerBurkhart.com
Ron: Ron@BrunnerBurkhart.com

As established top producing agents, Ashley Brunner and Ron & Sharon Burkhart bring 19 years of real estate experience to the Brunner Burkhart Group. Each prides the Brunner Burkhart Group on continuing to work to help people achieve their Real Estate goals.

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