Ask Experts Questions for FREE Help !
Ask
    limpy's Avatar
    limpy Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 26, 2008, 02:26 PM
    Real estate law
    What is the definition of tenants by entirety
    charlotte234s's Avatar
    charlotte234s Posts: 1,903, Reputation: 143
    Ultra Member
    		  
    #2

    Mar 26, 2008, 02:46 PM
    Tenants by Entirety:
    A registration in which each owner has a full interest in the account. Upon the death of one owner, the account passes to the survivor. This registration is restricted to spousal accounts and is not available in all states.
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
    		  
    #3

    Mar 26, 2008, 06:00 PM
    Ownership as tenants by entirety has the same legal effect as joint tenancy with rights of survivorship. If there are two people who own the property as tenants by the entirety that means that if one dies, the other one owns the property completely.

    It applies to married couples only. A brother and sister can't own as tenants by the entirety. But they can own as joint tenants with rights of survivorship.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Real estate law [ 1 Answers ]

Question is, tenant had a dog against lease agreement, the dog gets out and bites a neighbor what is the landlords liablility.

Real Estate Law [ 1 Answers ]

How do I personally file a lien on a piece of property. A week before closing on a new home, the tittle company called and stated the tittle was not clear and we could not close. The reason was that a previous buyer of the lot had placed 3 liens on the property. We do not want this house now...

Real Estate Law [ 2 Answers ]

Hi, I have a tenant that pays her rent late almost every month one excuses after the other. We have no lease, live in a private house in New York City. How long do I have to give Her to move out? Is it 30 days notice. What percent is legel to raise rent. Thank You

Real Estate Law [ 2 Answers ]

Hello. We would like to know what happens when a man and woman, who are not married, purchase a house together, and they break up, what are the legal ramifications. She has paid in $6,000 initially and he has paid in over $80,000. She makes no payments on the house, does not contribute to home...

View more questions Search