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What is the difference between Joint Tenants and Tenants in Common in property ownership?

November 18, 2020common difference Joint ownership Property tenants

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What is the difference between Joint Tenants and Tenants in Common in property ownership?

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Grzegorz Brzęczyszczykiewicz 5 Posted

Good afternoon! I am currently looking for tenants. I have a free apartment no one lives in. A friend of mine recommended me one property management in Canada. He used that service for renting an apartment, too. Does anyone know about them? Are they reliable ones?

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As a Tenant in Common, you own your interest in the property outright: on your death, your interest in the property is yours to leave to a beneficiary. This is how you may own property with a business partner.