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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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What is the most unusual maintenance project done once each year in the United States?
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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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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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