Question

What type of tenancy between a joint tenancy and tenancy in common is, in your opinion, more advantageous and in what circumstances would you use one over another

Answer 1

Answer:

In a joint tenancy, the partners own the whole property and do not have a particular share in it, while tenants in common each have a definite share in the property.

Some of the main benefits of joint tenancy include avoiding probate courts, sharing responsibility, and maintaining continuity. The primary pitfalls are the need for agreement, the potential for assets to be frozen, and loss of control over the distribution of assets after death.

Explanation:

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