Tenancy In Common FOR RENT
With tenancy in common, two or more persons hold title to real estate jointly, with equal rights to enjoy the property during their lives. Unlike joint tenancy, tenants in common hold title individually for their respective part of the property and can dispose of or encumber it at will. Ownership can be willed to other parties, and in the event of death, ownership will transfer to that owner’s heirs undivided.
Advantage
Tenancy in common allows for one owner to use the wealth created by their portion of the property as collateral for financial transactions, and creditors can place liens only against one owner’s particular portion of the property.
Disadvantage
Any liens on the property must be cleared in order for a total transfer of ownership to take place.
Price: $18,000
Area: 2300ft
Type: Slider
Bedrooms: 3
Bathrooms: 3
Garages: 2
Status: For Rent
Shop: 10 km
School: 5 minutes
University: 5 km
Airport: 20 km
City center: 10 minutes
Hospital: 2 km
CPT stop: 1 km
Property ID: 1000
Available From: 2000
Year Built: 2010
Exterior Material: Exterior Material
Structure Type: Structure Type
AC: AC
Acres: Acres
Bedroom Features: Bedroom Features
Cross Streets: Cross Streets
Dining Area: Dining Area
Disability Access: Disability Access
Entry Location: Entry Location
Exterior Cnstruction: Exterior Cnstruction
Fireplace Fuel: Fireplace Fuel
Fireplace Location: Fireplace Location
Legal Desc: Legal Desc
Lot Description: Lot Description
Lot Size Source: Lot Size Source
Misc Interior: Misc Interior
Sewer: Sewer
Source Of Sqft: Source Of Sqft
Terms: Terms
View Desc: View Desc
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