Читать книгу Buy & Sell Recreational Property in Canada - Geraldine Santiago - Страница 57

Joint tenancy

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Joint tenancy is common among those purchasing with a spouse or partner. If you and your spouse purchase a property together as joint tenants, one partner becomes the sole owner when the other dies. The entire ownership automatically transfers to the survivor without having to go through probate. This feature is known as the right of survivorship. Thus, a joint tenant cannot leave the property in a will to a third party.

Buy & Sell Recreational Property in Canada

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