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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	What areas are known as the 'silk stocking' districts of this famous city?
A	In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room.
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Jong Mi Edinger, REALTOR®, real estate agent and broker for Londonderry, Windham, and Hampstead New Hampshire home listings, property and land for sale - NUMBER1EXPERT(tm)

Jong Mi Edinger
Prudential Verani Realty Londonderry
One Verani Way
Londonderry, NH. 03053
Office: 800-392-2377
Direct: 603-845-2138
Cell: 603-493-9379
Fax: 603-845-2298
Email: JongMiRealtor@NUMBER1EXPERT.com
Jong Mi specializes in the purchase and sale of homes and income properties in southern New Hampshire communities. A member of the Northeast Association of Realtors, the Granite State South Board of Realtors, and the National Association of Realtors. Jong Mi began her career as "Rookie of the Year" and has since continued to be a member of the Prudential Multi-Million Dollar Club. For the year 2001, Jong Mi received the Prudential Verani's Top Closed Buyer Sides Award and received the National President's Circle Award in 2001, 2003, 2004 and 2005. She is honored one of Prudential Verani's Top 12 Sales Associates. Her accomplishments reflect her ongoing commitment to outstanding levels of customer support and service.

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