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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.
The Brenda Dacus Team Fred Dacus Associates Realtors 2529 S. Caraway Jonesboro, AR 72401 Direct Line: 870-933-6131 Phone #: 800-553-7170 Cell #: 870-931-8434 Fax #: 870-933-6194 Email: BrendaDacus@NUMBER1EXPERT.com
Brenda Dacus and The BRENDA DACUS Team.
Jonesboro's #1 Agent and the #1 Company, Fred Dacus Associates. Brenda is passionate about real estate and dearly loves the city she sells. She strives to provide value-added service; always committed to excellence and the highest standards and level of integrity. That commitment is evidenced by a high percentage of repeat business and referrals received each year from past buyers and sellers. Proud to call Jonesboro home for more than 42 years, Brenda is experienced in working with relocating families and draws from her knowledge of the city, schools, personalities of neighborhoods, financing, and community involvement to help buyers make the best decisions. She is recognized for her expertise in marketing homes and is presently the only Arkansas Realtor to have earned The Luxury Home Marketing designation. Honored by her peers as Jonesboro Realtor of the Year for two years, Brenda has distinguished herself as a top producer by earning membership in the Arkansas Mult-Million Dollar Club for twenty-two consecutive years, longer than any other Jonesboro Realtor. She is annually ranked by "Arkansas Business" as one of the state's top agents. Brenda Dacus has been selling Jonesboro real estate since 1975 and knows how to make you right at home. It would be her pleasure to serve you.
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