When two or more people buy a house together, they have a choice of being joint tenants, or tenants in common. Joint tenants have an equal right to the property and an automatic entitlement to the other’s shares in the property should they pass away. Tenants in common can own different shares in the property, depending on the amount that they invest in it over the time that it is owned. Tenants in common can leave their shares to whomsoever they wish rather than their co-owner having an automatic entitlement…
An introduction to the floating deed of trust
