Tenancy in Common Explained: What You Need to Know
Автор: Rock Daniels
Загружено: 2023-02-21
Просмотров: 367
Описание: Learn about tenancy in common and the benefits and risks of this legal arrangement in real estate ownership. In a tenancy in common arrangement, multiple owners hold fractional ownership interest in a single property. Each tenant in common has the right to use the property and share in the expenses, but may also face unlimited personal liability if ownership interests are recorded in their own name. This video explores the concept of tenancy in common, including joint tenancy versus tenants in common, forming an LLC for asset protection, and potential disputes that can arise. If you're considering tenancy in common, it's essential to have a clear agreement in place that outlines the rights and responsibilities of each tenant in common. Watch this video to make an informed decision about whether TIC is the right choice for you. #tenancyincommon #real estateownership #jointtenancy #llc #assetprotection #realestateinvesting
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