What is the difference between "tenants in common" and "tenants by entirety"?
  • Kim_WKim Winters (Manchester, NH) March 2012

     

  • Jess Cleary (Sunnyvale, CA) March 2012
    They are both forms of co-ownership.

    The differences between the two are that "tenants by entirety" is used
    for a husband and wife ownership only. The husband and wife can not
    convey either interest without the permission of the other. When one of
    them dies, the deceased spouse's ownership automatically  goes to
    the surviving spouse. "Tenants in Common" allows transfer of ownership to
    another without permission. If one of the co-owners dies, their interest
    will pass according to their will.

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