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Can there be 3 joint tenants?

As with the tenancy-in-common, a joint tenancy can exist in three or more people. Obviously, each party must have an interest that is equal to one divided by the total number of joint tenants. If one of the joint tenants dies, the others share his or her interest and they remain joint tenants with each other.

What are the rules for joint tenancy in California?

A property owned by joint tenants is owned by two or more persons in equal shares, by a title created by a single will or transfer, when expressly declared in the will or transfer to be a joint tenancy, or by transfer from a sole owner to himself or herself and others, or from tenants in common or joint tenants to

What are the rights of survivorship on a quit claim deed in Michigan?

Full rights of survivorship deed Joint tenants equally own the property by quitclaim deed as long as they include full rights of survivorship. Full rights of survivorship means that if one person passes away, the property passes to the survivor without the need to go to probate court.

What is the maximum number of joint tenants?

Up to four people can be named as legal owners. If there are more than four owners then ownership is through the device of a trust. The additional owners (and there can be any number) can be named as beneficiaries of the resulting trust for sale.

Can you have multiple joint tenants?

Joint tenancy can have two or more joint tenants. There is no legal limit to the number of co-owners in a joint tenancy, as long as all joint tenants have equal shares of ownership.

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