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Your phrase is not a legal term. However, you may be referring to a situation where a property owner desires to transfer her property to herself and another as joint tenants. In Massachusetts the owner now has a statutory right to execute a deed granting the property to herself and another as joint tenants. In many other states a straw must be used. By that method title to the property is conveyed to a third party thereby severing the interest of the owner. Title to the property is immediately conveyed by that third party back to the two who desire to own the property as joint tenants.
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Mother and son own property as joint tenants. Mother conveys to daughter by quit claim deed. Are sister and brother now joint tenants?
No. They are now tenants in common. If one joint tenant conveys their interest to a third party the joint tenancy is severed. If brother and sister wish to own as joint tenants they should convey to a straw and then have the straw convey back to them as joint tenants. They should consult with an attorney who can draft a proper deed for their jurisdiction.
When husband dies without a will and has joint tenancy with a third party what happens to property?
Any property your husband owns with another as a joint tenant will automatically pass to the surviving joint tenant upon his death. For example, if he and his brother own a cabin as joint tenants the cabin will belong to his brother if your husband dies first.
Can our joint bank account be accessed by a third party?
No, ...... it cannot be accessed by a third party By Pramod Yadav & Sunil Singh
What is meant by the phrase compulsory third party?
There are many things that are meant by the phrase compulsory third party. Typically, the phrase compulsory third party is referring to a type of insurance that is paid whenever one registers their vehicle in South Australia.
3 people have right of survivorship and one quitclaimed their interest to a new party Is this new co-owner responsible for that persons part of the mortgage?
If the joint owner who conveyed her interest was paying a third of the mortgage then her grantee would also be responsible for paying that share. The grantee in the quitclaim deed is a tenant in common with the other two joint tenants.
What is meant by third party liability in marine insurance?
A person other than the parties to a liability policy (i.e., not the insurer nor the policyholder) is a third party.
If a window gets smashed by a third party is it the tenant or the landlord who has to pay for repairs?
It is the tenants responsibility to pay for the repair as they are occupying the property and it istheirmain home. The landlord has nothing to do with it.
What is meant by human traffiicking?
The illegal movement of people from one area to another by a third party for payment.
Can a parent with joint custody of a minor child relinquish custody of that child to a third party without notifying the other parent?
I believe not.
Is joint tenancy with the right of survivorship available in West Virgina for co-owners of real property?
Yes, joint tenancy is available in West Virginia. If you own property jointly with someone else, and this ownership includes the “right of survivorship,” then the surviving owner automatically owns the property when the other owner dies. The deed should state " . . . to Harry and Sally as joint tenants with the right of survivorship".
What is the plural of third party?
The plural of third party is third parties.
third party inspection?
Third party inspection companies | Third party inspection services
