Quitclaim Deed for Two Individuals to Husband and Wife as Joint Tenants - Colorado: Fill out & sign online

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Does Colorado recognize joint tenancy?

Colorado law does not recognize tenancy by the entirety. Property in Colorado can only be owned be- tween two or more individuals in joint tenancy or as tenants in common.

What are examples of co-ownership?

For example, if two brothers purchase a property, that would be considered co-ownership. Both brothers would have to agree if the property were to be sold, and the two would share the proceeds from the sale.

Can my wife be on the title but not the mortgage?

Yes, you can put your spouse on the title without putting them on the mortgage. This would mean that they share ownership of the home but arent legally responsible for making mortgage payments.

Is Colorado a right of survivorship state?

In Colorado, this form of joint ownership is available: Joint tenancy. Property owned in joint tenancy automatically passes to the surviving owners when one owner dies.

Which is better joint tenants or tenants in common?

If you are buying with your partner, Joint Tenancy may be the better option. Joint Tenancy ensures that, in the event one owner dies, their ownership of the property passes automatically to the other owner. This is called Right of Survivorship. This process also avoids probate and inheritance tax issues.

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