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Local Maps and Links: Charlotte, Historic Charlotte and Charlotte UptownNorth Carolina home buying, real estate listings, and homes for sale in Mecklenburg County, NC

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Titles >Joint Tenancy

When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.

The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.

It is important to get professional advice when you plan to buy and hold title to real estate with another person.

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Q	Where is the world's longest spiral staircase?
A	The White County Coal Mine in Carmi, Illinois has a spiral staircase that measures 1,103 feet and has 1,520 steps.
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Lexie Longstreet, REALTORŽ, real estate agents and broker for Charlotte, Historic Charlotte and Charlotte UptownNorth Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Lexie Longstreet
Savvy + Co. Real Estate
1920 East 7th St
Charlotte, NC. 28204
Mobile: 704.560.4604
Phone #: 704-330-8326
Fax: 704-377-6989
Email: LexieLongstreet@NUMBER1EXPERT.com
I love this city and I know it, inside and out. I know the winding tree lined boulevards, the hip hotspots, the secret sidewalks, the quirky cul-de-sacs. Charlotte is a city of neighborhoods, each with it's own personality and style. Whatever your style - cityview condo, a cottage in the trees, vintage bungalow or lakefront contemporary - I will find your dream home for you. And then I make it my job to handle every detail of your new home purchase. I pride myself in my enthusiasm, creativity and great sense of humor to keep things in perspective, thus making your home buying and selling experience as fun and smooth as possible. Let me show you Charlotte and all it has to offer.

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