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  2. Concurrent estate - Wikipedia

    en.wikipedia.org/wiki/Concurrent_estate

    A joint tenancy or joint tenancy with right of survivorship (JTWROS) is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. The deceased owner's interest in the ...

  3. Four unities - Wikipedia

    en.wikipedia.org/wiki/Four_unities

    The four unities is a concept in the common law of real property that describes conditions that must exist in order to create certain kinds of property interests. . Specifically, these four unities must be met for two or more people to own property as joint tenants with legal right of survivorship, or for a married couple to own property as tenants by

  4. How to buy a house from a family member - AOL

    www.aol.com/finance/buy-house-family-member...

    Pros of buying a family member’s home. Commission savings: If you and a trusted family member agree to a sale, you might be able to eliminate the need for real estate agents.Considering that the ...

  5. Future interest - Wikipedia

    en.wikipedia.org/wiki/Future_interest

    In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate ; that is, an estate with a condition or event triggering transfer of possessory ownership.

  6. Community Property vs. Joint Tenancy: Which Is Better For Me?

    www.aol.com/finance/community-property-vs-joint...

    Continue reading → The post Community Property vs. Joint Tenancy appeared first on SmartAsset Blog. Of these, two common shared estate ownership options include joint tenancy and community property.

  7. Vesting - Wikipedia

    en.wikipedia.org/wiki/Vesting

    In real estate, to vest is to create an entitlement to a privilege or a right. For example, one may cross someone else's property regularly and unrestrictedly for several years, and one's right to an easement becomes vested. The original owner still retains the possession, but can no longer prevent the other party from crossing.

  8. Real property - Wikipedia

    en.wikipedia.org/wiki/Real_property

    Such an estate may arise if the original life tenant sells her life estate to another, or if the life estate is originally granted per autre vie. Leasehold : An estate of limited term, as set out in a contract, called a lease, between the party granted the leasehold, called the lessee, and another party, called the lessor, having a longer ...

  9. Tenants in common 1031 exchange - Wikipedia

    en.wikipedia.org/wiki/Tenants_in_common_1031...

    Tenants in common 1031 Exchange is a form of real estate asset ownership in the United States in which two or more persons have an undivided, fractional interest in the asset, where ownership shares are not required to be equal, and where ownership interests can be inherited. Each co-owner receives an individual deed at closing for his or her ...