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In Massachusetts, a tenancy by the entirety also has a right of survivorship, but this form of joint ownership is only permitted for married couples. It is treated quite similarly to a joint tenancy with a right of survivorship. If your spouse dies, your interest automatically transfers to you.
Tenancy by Entirety is the legal term for a form of Co-ownership that is reserved only for married couples in Massachusetts and certain other states. The designation Tenancy by Entirety essentially permits spouses to jointly own property as a single legal entity.
As joint tenants (sometimes called beneficial joint tenants): you have equal rights to the whole property. the property automatically goes to the other owners if you die.
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
The quitclaim deed is the most commonly used deed in the purchase and sale of residential property in Massachusetts. It plays a fundamental role in the types of assurances the seller makes when transferring its rights, and in how the buyer takes title.
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Tenants by the Entirety Tenants by the entirety is a type of joint ownership that is limited to married couples. A tenancy by the entirety has a right of survivorship so when one owner dies, the survivor automatically owns the entire property.
Although generally a deed does not have to be recorded to be a valid conveyance, there are practical reasons for recording a deed. Deeds usually do not take effect as to creditors and subsequent purchasers without notice until the instrument is recorded.
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.
How to Add Another Person to the Title of a Home Mortgage in Massachusetts Contact an attorney to prepare a quitclaim deed. Choose the way you want to hold the title. Sign the quitclaim deed as directed by your attorney. File the deed with the countys register of deeds so it can be recorded on public record.
by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.

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