Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy - New Jersey 2025

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The short answer is: You, the homeowner, typically hold the deed to your house, even when you have a mortgage.
Joint tenancy is a form of co-ownership where two or more individuals share equal ownership rights to a property. Each owner has an undivided interest in the property, and if one owner passes away, their share automatically transfers to the surviving owner(s).
Joint tenancy with rights of survivorship (sometimes stated as jtros) provides that if any one of the joint tenants dies, the property automatically goes to the survivors. This would often be the case when a parent wants to add their adult child to the deed in an attempt to avoid probate.
To change from joint tenancy to tenants in common, you need to modify the deed and update the ownership structure. California law allows unilateral severance of joint tenancy by recording a deed transfer. Proposition 19 can affect tax reassessment when ownership interest is transferred in California.
Tenants by Entirety Tenants by entirety is ownership available only to married couples. It acts the same way as joint tenants with the right of survivorship, i.e., when one spouse dies, the decedents interest automatically goes to the surviving spouse.
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Joint tenancy, with joint right of survivorship. This is where all parties (which can be a married couple, or a larger group) have equal ownership. In the case of a married couple, the property is passed automatically to the joint living owner upon the death of the other partner.

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