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Titles >Joint Tenancy

When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.

The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.

It is important to get professional advice when you plan to buy and hold title to real estate with another person.

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Q	Where is the world's oldest hotel?
A	The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties.
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Ronni Land
Ronni Land Realty
9505 Hillwood Dr. Suite 100
Las Vegas, NV. 89134
Local: (702) 395-7435
Email: RonniLand@NUMBER1EXPERT.com

Ronni will gladly represent you in the purchase of any home or real estate in the Las Vegas area, including Summerlin, Anthem, Red Rock Country Club, Siena, Sun City, Turnberry Place, Southern Highlands, Mountain's Edge, Green Valley and Henderson. Specializing in Buyer Representation for over 20 years...she would love to help you find your Las Vegas dream home at an affordable price and add you to her real estate family. Whether you are seeking a Las Vegas family home, luxury estate or compact condo, NEW HOME or RESALE, Ronni and you will find your perfect Las Vegas home together. Ronni represents YOU, the Buyer - the Seller or Builder pays her commission. When you work exclusively with Ronni, you get the benefit of her knowledge, experience and professionalism. AT NO COST TO YOU.

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