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Joint Tenancy Interest NJ

What Is A Joint Tenancy In New Jersey and How to Cancel One

2024-04-08T19:16:34+00:00

In New Jersey, there are three ways you can hold title to real property with another party. You can be tenants in common, Tenants in the Entirety or Joint Tenants. Tenants in common is the easiest. If two parties hold title as tenants in common, they each own 50% of the property. Each can freely sell their own interest to any other party. And their interest can, in most cases, be freely levied upon by a creditor or spouse as part of a divorce. Since February 4, 1812 if two unmarried parties purchase a property together and the deed is silent [...]

What Is A Joint Tenancy In New Jersey and How to Cancel One2024-04-08T19:16:34+00:00
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