Personal Finance (MindTap Course List)
Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
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Chapter 5.3, Problem 2CC
Summary Introduction

To State:Difference between joint tenancy with right of survivorship and tenancy in common.

Concept Introduction:Joint tenancy with right of survivorship: It means when one owner dies then the interest of the dead owner transferred to the next surviving owner.

Tenancy in common: It is also known as co-tenancy, in this property is owned by more than one person at a time. More than one owner owns any property then they called co-owners.

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