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What is the difference between joint tenancy and husband and wife on a deed I need to know how the language should read for if one of us dies the other takes over 100 of the ownership?
Wiki User
∙ 16y ago
Joint tenancy means the house only belongs to one of you (the one that is on the deed) whereas "Tenancy in Common" means you are both on the dead and if one of you dies the other automatically owns the house along with all the responsibilities associated with ownership (paying the mortgage, insurance etc.).
Wiki User
∙ 16y ago
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