Q: What is real estate?
Q: What is a deed?
Q: What is a disclosure statement?
Q: What are property restrictions?
Q: What is joint tenancy?
Q: How do mortgages work?
Q: What happens in a foreclosure?

Contact an Iowa Real Estate lawyer representing clients in Elkader, Iowa today to schedule your free initial consultation.

Q: What is joint tenancy?

A:

Joint tenancy is when individuals own equal shares in a property. Often, spouses hold property as joint tenants. All joint tenants must agree to a sale, to protect each other from having their property sold without their knowledge. If a joint tenant dies, the other joint tenant inherits their share in the property.

A similar form of tenancy is called tenancy in the entirety, which gives each spouse an undivided half of the property. There is also tenancy in common, which allows unmarried partners or commercial partners to own unequal shares in a property. All of these types of ownership can become complicated, and the advice of a competent real estate attorney is essential to a real estate buyer.



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If you would like to schedule a free initial consultation, contact an Iowa Real Estate attorney, representing clients in Elkader, Iowa at the Putnam Law Office. Give us a call at (888) 277-2024 or email us at info@putlaw.com.

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