Hello,
What are the other options than a tontine agreement if the property is owned by multiple individuals ?
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What if there is no tontine agreement in the contract?
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What if there is no tontine agreement in the contract?
by Lewi on Thu 20 Nov 2008 20:28
- Lewi
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Re: What if there is no tontine agreement in the contract?
by Robertos on Thu 20 Nov 2008 20:30
Ownership in a property not subject to a tontine agreement is called “indivision” ownership. A property acquired by indivision ownership, even among spouses, will pass to each owner’s heirs rather than the other owner of the property.
- Robertos
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2 posts • Page 1 of 1
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