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When two or more people purchase land, they can own it as 'joint tenants' or as 'tenants in common'.

If they own it as joint tenants, they each own an equal share of the property. If one joint tenant dies, his/her share is extinguished and the remaining joint tenant(s) is/are the owner(s). The share of the deceased joint tenant does not become part of his/her estate. A husband and wife will usually own a property as joint tenants.

If they own it as tenants in common, the share owned by each does not have to be equal. If one tenant in common dies, that share of the property becomes part of the estate of the deceased tenant in common.

Usually the deed itself will state that the owners are either joint tenants or tenants in common.

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15y ago

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