In the previous post, the focus was on joint tenancy as a viable option to be considered by married couples intending to invest in the real estate market. This week, we will be examining the concept of tenancy in common, as an alternative to joint tenancy.

Tenancy in common is a type of shared ownership where two or more individuals jointly own property with an individual interest in the property. In simple terms, tenancy in common means that husband and wife jointly own property, but are free to deal with their share of the property as they see fit, and without the consent of the co-owner.

[i]Binta and George purchase a house, and decide to be tenants in common. If they share equal ownership of the house, Binta can sell, let or even gift her share of the house independently, and without the consent of her husband, George

Read full article here: http://www.eazyhc.com/blog/joint-ownership-of-property-in-marriage2/