Warranty Deed - Two Individuals to Two Individuals - Florida 2025

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0:12 1:12 So its essential to understand the process and its consequences.MoreSo its essential to understand the process and its consequences.
Generally, if there are two names on the deed and the deed does not describe how the property is owned, the default is that it is owned as tenants in common if the co-owners are not spouses and tenancy by the entirety if they are.
Joint tenancy with the right of survivorship means that all co-owners share equal rights to the property. If one tenant dies, their share automatically passes to the surviving tenants without going through probate.
A house deed is an important legal document that proves that you are the true legal owner of your house. It gives you certain title rights, such as the right to take out a mortgage, or to buy, sell, rent or transfer the house. As you likely know, a mortgage is a specific type of financial loan used to buy a home.
If you are wondering, what are my rights if my name is on a deed but not the mortgage, it is important to understand that you are legally recognized as an owner of the property. However, you are not financially responsible for the loan.
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There is no legal limit to the number of co-owners a property can have. This type of jointly owned property allows each owner (as listed on the deed) the right to: Equal ownership. Equal privileges to use all of the property (unless stated in the document).
Once another person is added to the deed, the property can become exposed to their financial risks. If the other person has debts or legal issues, the property could potentially be seized by their creditors. Then, theres a loss of control to consider.

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