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Can a surviving joint tenant sell the property?

The survivor becomes the legal owner of the whole of the property without need for further documentation and any further sale or dealings with the title can be made by him or her without obtaining Probate to the deceased owners estate, and the survivor is solely entitled to the proceeds of sale.

What does it mean as joint tenants?

What Is Joint Tenancy? Joint tenancy is a legal term for an arrangement that defines the ownership interests and rights among two or more co-owners of real property. In a joint tenancy, two or more people own property together, each with equal rights and responsibilities.

Is Ohio a survivorship state?

The answer is yes! Individuals who own Ohio real estate conveyed jointly with survivorship rights can execute a subsequent Transfer-On-Death Designation Affidavit.

How does a survivorship deed work in Ohio?

A survivorship deed is a deed conveying title to real estate into the names of two or more persons as joint tenants with rights of survivorship. Upon the death of one owner, the property passes to and vests in the name of the surviving owner or owners.

What is an example of a joint tenancy?

For example, lets say an unmarried couple purchases a house. At the time of purchase, they opt for joint tenancy. The deed to the property will name the two owners as joint tenants. Since each party has a claim to the property, they also share the benefits.

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